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ESUSU Loan

ESUSU Loan

This is a short-term daily contribution loan designed for traders with daily sales income.

  • Customer must be a trader or somebody that earns money daily or weekly.
  • Loan amount must not exceed N100,000 with maximum daily contribution of N5,000.
  • The applicant must have a shop where he/she carry on his /her business.
  • The loan officer must ascertain that customer’s tenancy is validated and rentpaid up to date.
  • The agreed amount must be contributed for at least ten (10) days before requesting for loan.
  • The customer can take double of what he/she has contributed for a maximum tenor of 30 days.
  • Repayment of all Esusu loan must be on daily basis, hence the loan officer must ensure close monitoring.
  • Any Esusu customer who defaulted in three days payment will not be eligible for renewal even after paying the outstanding sum.
  • Loan officer must ensure proper verification of  customer and guarantor’s addresses before recommending   the loan for approval.
  • Any outstanding Esusu loan balance will be recovered from the salary of the account officer at the end of the month.

Loan Calculator

₦5,000₦250,000
1284
mo
0.00%30.00%
%

Estimated Monthly Payments

$416.67

₦10,000₦250,000
1100
year
0.00%100.00%
%

Estimated Monthly Payments

$416.67