ASSET FINANCING
Ultimate MFB Asset Finance gives you the opportunity to own that asset you had always longed for. Furnish your home and office space with appliances of your choice. Talk to us today with your desired asset Pro Forma invoice, you will be glad you did.
Product Features:
✓ Flexible repayment plan of weekly / Monthly repayments
✓ Tenor 3- 12 months.
✓ Customer to submit a proforma invoice.
✓ Direct payment by the bank in favour of the vendor
✓ The asset would be purchased in the name of the bank / customer
✓ All financed assets are to be comprehensively insured.
✓ 30% equity contribution by customer.
✓ Maximum age of applicant at Loan maturity is 60 year
✓ Expert financial advice available
✓ And any other document that might be requested for by Ultimate MFB
Required Documentation:
✓ A/C opening required
✓ Viable business
✓ 2 Guarantor
✓ Current utility bill
✓ A valid means of ID (National ID, Driver's License, Voter's Card or International ....Passport)
✓ And any other document that might be requested for by Ultimate MFB
Note: Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.
Target Market: Individual
Coverage: Lagos and neighbouring towns in Ogun State.
LPO FINANCE
Ultimate Microfinance Bank understands the unique challenges faced by contractors when it comes to financing their projects. To address these challenges, we offer a specialized financing solution known as LPO Loan. This service is designed to help contractors seize opportunities that arise from Local Purchase Orders (LPOs) received from various organizations. By partnering with Ultimate Microfinance Bank, contractors can confidently navigate their financing needs and focus on delivering exceptional results for their clients.
Key Benefits of Supplies Financing:
✓ Capital Accessibility: Gain quick access to the funds needed to fulfill supply ....contracts, ensuring you can respond promptly to opportunities.
✓ Boost Your Business: Take on more projects without the stress of upfront costs ....hindering your growth.
✓ Flexible Terms: Enjoy tailored repayment plans that accommodate your cash flow ....and project timelines.
✓ Local Support: Benefit from our understanding of the local market dynamics and ....procurement processes.
Product Features:
✓ Facility amount per transaction must not be more than 70% of cost of execution.
✓ Tenor between 3-6 months.
✓ Convenient repayment installments.
✓ payment shall be in full on or before expiry from proceeds of the LPO /Supply ....order.
✓ And any other document that might be requested for by Ultimate MFB
✓ Expert financial advice available
Required Documentations:
✓ A/C opening required
✓ Viable business
✓ Current utility bill
✓ A valid means of ID (national ID, driver's license, voter's card or international ....passport)
✓ And any other document that might be requested for by Ultimate MFB
Note: Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.
Target Market: Individual & Businesses
Coverage: Lagos and neighbouring towns in Ogun State.