About Renmoney SME Loan

Loans for self-employed individuals DOCUMENTATION REQUIREMENTS FOR WORKING CAPITAL 1. SME Credit Memo clearly stating purpose of the Loan 2. Bank Statement 3. Valid means of ID of Promoter 4. Valid means of ID of other Shareholders 5. Passport of key Promoter of the Business 6. Incorporation documents 7. Utility bill 8. BVN of Promoter and other Shareholders associated with the Business 9. Board resolution authorizing the Loan and appointing the representative of the Business to transact with the Bank 10. Business verification report generated by SME Support Team 11. Guarantor documents including Filled and signed Guarantor’s Form, valid means of ID of Guarantor, Utility bill, BVN, Guarantor’s passport photo 12. Incorporation documents of Guarantor if it’s a Corporate Guarantor and Board resolution if the Guarantor’s Business is a Limited Liability Company. These are the minimum documents required however we can process without Guarantor information if the client wants to determine eligibility before getting a third party involved. Other requirements include: 13. KYC for Home and Business address 14. KYC for Guarantor where applicable 15. Proforma-invoice where applicable 16. Post-dated cheques for Clients and Guarantor"

Requirements for savings

• Valid means of identification (Int'l passport, Driver’s license, National ID, Voter’s card)
• Utility Bill of Applicant (Water Rate, Tenement, Rent Receipt or Power)
• Bank statement for the business for the last 6 months
• CAC

States Covered