LOTUS EDUCATION FINANCE

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

TRUST FINANCE

LOTUS Trust Finance serves to finance the purchase of tangible and eligible goods. The client acts as a trustee to LOTUS Bank and sells goods on behalf of the Bank. Sales proceeds are then used to settle the Trust Finance

Features

  • Local or foreign purchases
  • Mark-up computed and negotiated based on v risk profiling
  • Competitive source of funding
  • Flexible repayment based on business

Eligibility:

  • Lien on the goods purchased
  • Time facility
  • Evidence of viable business/trade
  • Business establishment/Management
  • Experience of at least 12 months

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