ESAN DAILY CAPITAL ESUSU LOAN
This product is structured to provide easy/quick capital to the customer (Traders, Transporters, and artisans etc ). It is a facility account specifically designed for customer with guarantee daily cash flow.
(i) Customer opens an account with Esan microfinance bank limited.
(ii) ATM card is mandatory and will be processed for customer and issued.
(a) Two recent passport size photographs.
(b) A photocopy of your staff ID card and National ID/Drivers’ License
(c) Copy of a recent Utility Bill
(iii) Customer makes constant daily contribution for 5 days and sum totally 25 fold of daily contribution is advanced as loan on the 6th day while the customer continues daily contribution for repayment.
(iv) 7% flat rate is deducted upfront on the sixth day before customer makes withdrawal on disbursement.
(v) Facility is usually in multiple of =N=12,500.00, =N=25,000.00, =N=50,000.00, =N=75,000.00 and maximum limit =N=100,000.00. Tenor: 30 to 60 days.