Personal Loan (Pay Day Loan)

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This is basically for salary earners to meet immediate cash needs. Tenor is between 1 and 12 month. Offer is between N100,000 and N3,000,000.

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Requirements

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• Duly completed application form with repayment cheques from client

• Clear copy of signed ID cards

• 6 months bank statement of salary account

• Completed  guarantor’s forms with copies of signed id cards and blank undated cheques (This may be waived, subtituted or deferred under peculiar circumstances)

Local Purchase Order (LPO) Finance

 

This is a short term finance facility to MSME customers to carry out supply requests. The supply order must come from only pre-approved institutions by May and Herner Limited. This product has tenure of one (1) to three (3) months and amount offer is between N100,000 and N3,000,000.

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Requirements

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• Duly completed application form with repayment cheques

• Purchase order from the approved list

• Payment domiciliation letter (where applicable)

• One year bank statement

• 2 complete guarantors forms with copies of signed ID cards, employment confirmation letter and blank undated cheques

• Personal guarantee of the major company director(s), passport with ID card and undated cheques

• Certificate of incorporation

• Memaart