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LPO Finance

LPO Finance

Only LPOs of blue chip companies and well recognised organisations with a good credit history will be considered.

  • All LPOs must be confirmed from the issuing company before processing
  • The applicant must show evidence of previous jobs performed and payments received or demonstrable ability to execute the job.
  • Payment domiciliation will be required in the absence of which an Irrevocable Letter of Authority received and acknowledged by the receiving bank will be considered.
  •  The borrower will be required to make a 10-30% contribution to the cost of executing the LPO.
  • All LPO Finance above N500, 000 will require additional collateral apart from payment domiciliation and cash contribution
  • Tenor for all LPO Finance may not be more than six (6) months.

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We are encouraging all our users to make use of the digital bank for ease of doing business with us.

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