Looking to give your kids the best? Planning to increase your professional knowledge? LOTUS Education Finance is designed to take the stress out of learning. You can use to finance primary, secondary or university education
Features
Access up to 70% of child school fees/Set limit per child
Flexible repayment 3 - 12 months (subject to the level of education)
Competitive mark-up rate
Eligibility
Evidence of child enrollment in a school
School Fees Invoice
Salary Domiciliation
Salary Account Holder
Child’s Result
Statement of Account from other Banks
Payslip (3 months minimum)
HOME APPLIANCE FINANCE
Plan ahead and enjoy a finance plan that supports your decisions
Features
For the acquisition on Home appliances
Flexible repayment up to 12 months
Partnership with Home Appliance/Gadget sellers (FOUANI, Samsung, etc.)
Eligibility:
Salary Account Holder
Salary domiciliation
Select Employers/Organisations
Post dated Cheque from select Banks
Asset purchased is the security
Employment Letter
Statement of Account from other Banks
Payslip (3 months minimum)
AGRIC FINANCE
Features
Land Purchase/Acquisition
Equipment Purchase
Development cost (land clearing, road & terrain etc.)
Working capital
Expansion of existing business
Business Advisory/Consultation
Value chain support
Cheap and competitive source of funding
Eligibility:
Business registered in Nigeria
Business establishment/Management experience of at least 3 years
Detailed and verified Workplan/schedule
LOTUS RIDES (AUTO FINANCE)
Whether you are buying a brand-new car or a fairly used car or investing in a fleet of vehicles, our wide range of finance plans and payment options suit every personal and commercial need.
Features
Competitive and affordable monthly rentals/Repayment
New or Used Cars (up of 5 years old vehicle from verified dealers)
Local or Foreign Used
Payment plan tenured up to 5 years
Bank to establish partnership with Vehicle Dealers
LOTUS Bank will finance up to 70% of the value of the car
Low takaful/insurance rates
Eligibility:
Age Eligibility: 24 - 50 years
Salaried OR Self Employed (5 years experience in business)
Small Business Owner (3 Years experience)
3 months payslip
Salary domiciliation
Other Bank statement (12 months)
Asset as Security
Equity contribution of 30%
LOTUS HOMES (HOME FINANCING)
Buying a dream house, investing in properties, or looking to reduce your finance payment? LOTUS Home finance is here to help
Features
Quick and convenient home ownership scheme
Home Purchase & Home construction
Tenured up to 20 years and subject to customer's age till retirement
Pricing Benchmark: LIBOR + XXXX%
LOTUS Homes will finance up to 70% of the value of f the property
Low takaful/insurance rates
Eligibility:
Age Eligibility: 24 - 50 years
Salaried OR Self Employed (8 years experience in d business)
Small Business Owner (5 Years experience)
Salary domiciliation
Other Bank statement (12 months)
Asset as Security
Equity contribution of 30%
ASSET FINANCING
LOTUS Asset Finance serves to finance asset needs of businesses and individuals. The Bank appoints the customer as its agents to source for the goods/assets the customer wishes to purchase
Features
Quick and convenient home ownership scheme
Home Purchase & Home construction
Tenured up to 20 years and subject to customer's age till retirement
Pricing Benchmark: LIBOR + XXXX%
LOTUS Homes will finance up to 70% of the value of the property
Low takaful/insurance rates
Eligibility:
Age Eligibility: 24 - 50 years
Salaried OR Self Employed (8 years experience in d business)
Small Business Owner (5 Years experience)
Salary domiciliation
Other Bank statement (12 months)
Asset as Security
Equity contribution of 30%
EXPORT FINANCE
Pre Shipment
Finance Available to exporters (direct/indirect) for the purpose of funding purchase from suppliers and overhead expenses incurred in relation to the production of eligible goods for export prior to shipment.
Post Shipment
Finance Available to direct exporters for the export of eligible products on sight/credit term upon presentation of export documents after shipment of goods. XX% of Export Income
Eligibility
Business registered in Nigeria
Exportation of Local produce
Business establishment/Management experience of at least 3 years
Valid contract backing the eligible product to be exported
Good Track record in Export Proceeds repatriation
IMPORT FINANCE
A facility offered to facilitate the importation of raw materials or finished goods either on advanced/deferred terms
Eligibility
Business registered in Nigeria
Exportation of Local produce
Business establishment/Management experience of at least 3 years
Good Track record in Export Proceeds repatriation
Repatriation
Terms of Payment
Nature of goods
FX Fluctuation
Equity contribution
INVEST WITH US?
Gain insights into LOTUS Bank corporate strategy and business model. Download Investor Presentation Deck here or e-mail invest@lotusbank.com
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