Hospitality facility

Hospitality Facility

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This solution supports the Bank’s strategy in offering simplified loans to businesses such as Hotels, Lounges, Bars, Restaurants/Eateries, Salon, Spa etc.

Facility Limit: Maximum amount of 35% of customer’s average monthly credit turnover in the past 3 months subject to a cap of N20million

Facility type: Overdraft

Maximum tenor: 365 days

Collateral: All Asset Debenture over the as

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