About Business Support Loan
This is a product where the corporate entity borrows cash to meet working capital needs with a guaranteed, customizable repayment plan. It allows business owners to take advantage of opportunities as they arise. These are collateralized loans, and clients must provide 150% collateral coverage of the loan amount, with the collateral held in Peach Financial Services Limited’s custody until the loan is fully repaid. The interest rate will be at the prevailing market rate.
Product Information
Lender: Peach Financial Services Limited
Application Fee: Ten Thousand Naira Only (₦10,000.00) – Non-Refundable
Available Fund: Three Billion Naira Only (₦3,000,000,000)
Product: Business Support Loan
Currency: Naira
Interest Rate: Four percent (4%) flat monthly, subject to changes in line with money market conditions
Fees and Commission: A one percent (1%) management fee is payable upfront
Tenor: 365 days
Clean-Up Cycle: 0–6 months
Repayment Source: Repayment shall be tied to the business’s cash flow
Repayment Mode: Monthly repayment of both principal and interest
Maximum Available Fund Per Client: One Hundred Million Naira Only (₦100,000,000.00)
Minimum Available Fund Per Client: One Million Naira Only (₦1,000,000.00)
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Target Market
The product is for all levels of clients, both existing and prospective clients, with at least one year of effective experience in the line of business.
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Purpose
The loan is designed to provide financial support to a corporate entity in need of cash to meet working capital needs with a guaranteed, customizable repayment plan.
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Compounding/Interest Charges
Interest compounds monthly. Interest charges will accrue in the client’s account every month.
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Opening Hours
Monday - Friday: 9AM - 07PM
Call Details
Toll Free: +234 816 455 8300
Email: info@peachfinancial.ng
Contact Info
1A Aiyetigbo Street, Isheri North GRA Estate off Channels TV Road, Opic Estate, Lagos State.
