About Invoice & LPO Finance Loan
An invoice discounting facility is a loan product that provides SMEs with financing based on unpaid invoices from pre-approved counterparties. This type of facility requires invoice confirmation from those approved counterparties, and a properly signed letter from the client pledging the contract proceeds to Peach Financial Services Limited to facilitate loan repayment. The loan interest rate will be set at the current market rate.
Product Information
LENDER
Peach Financial Services Limited
APPLICATION FEE
Ten Thousand Naira Only (N10,000.00) Non-Refundable
AVAILABLE FUND
Three Billion Naira Only (N3,000,000,000)
PRODUCT
Invoice Discounting Loan
CURRENCY
Naira
INTEREST RATE
Four per cent (4%) Flat monthly, subject to changes in line with money market conditions.
FEES AND COMMISSION
One Percent (1%) management fee is payable upfront.
TENOR
365days
CLEAN UP CYCLE
0-3 months
REPAYMENT SOURCE
Repayment shall be tied to the irrevocable domiciliation of contract proceeds.
REPAYMENT MODE
Bullet repayment of both principal and interest at maturity
MAXIMUM AVAILABLE FUND PER CLIENT
One Hundred Million Naira Only (N100,000,000.00)
MINIMUM AVAILABLE FUND PER CLIENT
One Million Naira Only (N1,000,000.00)
DISCOUNTED VALUE
75% of the value on the invoice
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Purpose
The loan is to provide financing to clients with unpaid invoices from counterparties approved by the Lender.
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Compounding Interest Charges
Interest compounds monthly. Interest charges will accrue in the client’s account every month
Sponsor
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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.
