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 Loan
Categories
-
Micro loans – these are loans ranging from N50,
000 to a maximum of N500, 000.
- SME Loans – these are loans ranging from N500,
000 to a maximum of N2, 000, 000
- Other loans – these are loans from N2, 000,
000 and above.
These categories can fall under any of the loan scheme
listed below:
-
Hasal L.P.O Support Scheme
- Hasal Asset Acquisition Scheme
- Hasal Working Capital Support Scheme
- Hasal Traders Express (HATREX)
- Joint Liability Group Lending scheme
Hasal Micro Loans
Requirements
- An account holder that must have operated account
for at least a month
- Handwritten application letter
- Duly completed Loan Application Form
- Duly completed Personal Guarantee Form
- Duly completed Guarantorship Form
- One clear passport size photograph of the Guarantor
- Photocopy of the guarantor’s ID
- Applicant & Guarantor’s updated cheque covering
principal and interest amount.
Hasal SME Loans
Requirements
- An account holder that must have operated account
for at least a month
- Collateral which should be a document of a landed
property, lien on stock covering the principal and interest
amount and other -uitable collateral
- Other requirements listed above
Hasal Other Loans Category
Requirements
- An account holder that must have operated account
for at least a month
- Collateral, which should be a document of a landed
property and other suitable collateral
- Other requirements listed in the Micro Loan category
Joint Liability Group Lending Scheme
Requirements
- Must be a registered co-operative society.
- Must have account with the bank that must have been
operated for at least one month
- Board Resolution from the coo-operative society
- Other requirements listed in the Micro Loan Category
Hasal L.P.O Support Scheme
Requirements
- An account holder that must have operated account
for at least a month
- Presentation of Original Contract Award letter
- Irrevocable letter of domiciliation of contract proceeds
- Handwritten application letter
- Duly completed Loan Application Form
- Duly completed Personal Guarantee Form
- Duly completed Guarantorship Form
- One clear passport size photograph of the Guarantor
- Photocopy of the guarantor’s ID
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