The Office Equipment Loan gives you access to a part-financing plan, up to N5,000,0000, that allows you to purchase equipment for office use only such as such as laptops, generators, computers, photocopier, furniture etc for your business.
Features
- Minimum loan amount of N100 000.00.
- Maximum loan amount of N5 million.
- Maximum tenor of 18 months.
- Minimum Equity of 30%.
- Asset financed is strictly for office use.
- Asset must be purchased from a FirstBank approved vendor.
Benefits
- It offers flexible repayment options.
Accompanying Documents
- Application letter.
- Duly completed Retail Loan Application Form.
- Proforma Invoice from FirstBank approved vendors.
- Company Profile.
- Current ultility bill.
- Latest Audited Account.
- Six (6) Months Bank Statement.
- Other KYC requirements for opening a corporate account.
Who Can Apply
- SMEs with annual turnover up to N3billion.
To Apply for an Office Equipment Loan,
- Download the Retail Loan Application Form
- Complete the form and with the accompanying documents, submit at the nearest FirstBank branch
Frequently Asked Questions
1) Can the Bank finance fairly used Office Equipment?
No.
2) Can the equipment be purchased from any vendor/outlet?
No, it must be purchased from a FirstBank approved vendor.
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