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    Mon-Fri: 8am - 5pm
  • Call Us

    08000BAINES
  • Find Us

    199 Igbosere Rd, Lagos.
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    [email protected]

Loans

Services > Loans

Our Personal loan helps you meet urgent needs such as payment of house rent, school fees and other family needs. Client can access either short or medium term up to N1,000,000.

Below are the features of our Personal loan:

  • Facility amount up to N1,000,000
  • Competitive rate of 4.5%
  • Loan duration ranges from 1 – 12 months
  • Loan is processed and disbursed within 6 hours upon fulfilment of requirement

Benefits to be derived from our Personal Loan:

  • Access to fund to solve identified financial gap easily and timely (24hours maximum)
  • Flexible repayment structure
  • No equity contribution
  • Access to Mobile and Internet Banking
  • Access to Top-up or renewal at considerable interest rate
  • Opportunity to repay loan before expiration at no further futuristic cost

Our eligibility criteria:

  • Must reside and work in Lagos.
  • Must be confirmed employee of a company
  • Salary must not be less than N50,000 for more than 30 days facility tenor
  • Official ID card
  • Valid means of ID (National ID, Driver’s License, Voter’s card or International Passport.
  • Current Utility bill
  • Passport photograph
  • Guarantor (where applicable)

Baines Group Loan is a product designed for group of Traders/Market sellers, group of companies, association or people that have similar projects to execute.

Below are the features of our Group loan:

  • Facility amount up to N1,000,000 for each person in the group.
  • Competitive interest rate
  • Loan duration ranges from 1 – 12 months

Benefits to be derived from our Group Loan:

  • Access to fund to solve identified financial gap easily and timely (24hours maximum)
  • Flexible repayment structure
  • Training on basic financial management, business planning and enhanced customer/bank relationship
  • Access to expert financial advice at every contact with our resourceful relationship officers
  • Deployment of POS to boost sales
  • Free advertisement on our social media to increase client coverage and sales
  • Access to Mobile and Internet Banking

Our eligibility criteria:

  • Must be traders within known markets in Lagos.
  • Must be confirmed employees within our rated companies or organizations.
  • Trader or Market seller must have been in business for a period not less than one year.
  • Valid means of ID (National ID, Driver’s License, Voter’s card or International Passport.
  • Current Utility bill
  • Passport photograph
  • Official ID card for group of employees
  • Duly filled cross guarantee attestation form.

SME Loans provides you with a unique bundle of loan products including: LPO financing, Contract Finance, Overdraft Facility and Term Loan to support any legitimate business.
This type of facility is availed to individual business owners, corporate organizations and entrepreneurs who are in the need of such facilities between N100,000 to N5,000,000.

Below are the features of our SME loan:

  • Facility amount up to N5,000,000
  • Available to all registered business.
  • Loan duration ranges from 1 – 9 months
  • Conduct of business transactions through Baines

Benefits to be derived from our SME Loan:

  • Access to fund to solve identified financial gap easily and timely (24hours maximum)
  • Flexible repayment structure
  • Training on basic financial management, business planning and enhanced customer/bank relationship
  • Access to expert financial advice at every contact with our resourceful relationship officers
  • Deployment of POS to boost sales
  • Free advertisement on our social media to increase client coverage and sales
  • Access to Mobile and Internet Banking

Our eligibility criteria:

  • Must open or have active account with Baines
  • Must reside and business operational base in Lagos
  • Valid means of ID (National ID, Driver’s License, Voter’s card or International Passport)
  • Current Utility bill
  • Passport photograph
  • Moveable Asset to be used as Collateral (where applicable)
  • Guarantor
  • Business CAC documents and any other document required by Baines Credit MFB

We provide flexible repayment plans for individuals and SMEs to purchase household items, equipment or machineries from reputable vendors and pay later. The product requires no additional security. The tenor runs for four months with no processing fee at a very good interest rate.

Below are the features of our Asset Finance:

  • Asset Finance amount up to N1,000,000 for individual and up to N5,000,000 for registered companies.
  • Immediate possession of asset
  • Equity Contribution (Optional)
  • Maximum repayment period of 4 months
  • No processing fee or upfront charges
  • Flexible repayment option not more than 4 months
  • Asset can be purchased from any known vendor apart from those we are currently in partnership with such as KONGA, RAYA, SIMS, TRIP BEARERS, etc.

Benefits to be derived from our Asset Finance:

  • Opportunity to acquire assets immediately and spread payment over a period of 4 months (maximum).
  • No collateral required
  • No processing fee or upfront charges
  • Access to insurance cover at a reasonable fee upon request from the client.
  • Direct Debit through REMITA or PAYSTACK for convenient repayment

Our eligibility criteria:

  • Valid means of ID (National ID, Driver’s License, Voter’s card or International Passport)
  • Current Utility bill
  • Passport photograph

An overdraft is a credit facility loaded to your current account. This means that you have the convenience of borrowing on the same account that is used for your daily banking transactions.

Benefits?

  • An overdraft provides you with cash for unplanned expenses.
  • An overdraft will provide you with the comfort of knowing that you have instant access to extra cash for emergencies.
  • You can use as much of your agreed overdraft limit as you need whenever you need it. The total limit is always available to you for use.
  • You only pay interest on the portion of your overdraft used in any given month.
  • The interest rate is linked to prime so that you receive the benefit when prime rates decrease.
  • No monthly repayment required. Only a deposit into your current account, preferably your salary.
  • You can take up a NGN1500 overdraft limit with no Initiation fee and no monthly service fee, which can be used as a safety buffer on your current account.
  • Once you have an overdraft, you can conveniently increase or decrease your limit via any of Standard Bank's self-service channels.
  • You have the option of taking out insurance on your overdraft facility. This will give you peace of mind knowing that your loan will be settled in full in the event of disability, dreaded disease or death.
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