SME Loan Products

Financial solutions designed to support your business operations and growth

Working Capital Loan

Funds to support day-to-day business operations and manage cash flow.

Up to ₦200,000

Equipment Financing

Purchase or upgrade business equipment to improve productivity.

Up to ₦200,000

Inventory Loan

Purchase inventory in bulk to take advantage of discounts and meet demand.

Up to ₦200,000

Loan Requirements

Requirments for a Liberty Vantage loan

Client Requirements

  • Completed registration form
  • Valid identification documents
  • 2 recent passport photographs
  • Utility bill as proof of address
  • Non-refundable registration fee of ₦2,000
  • Refundable initial deposit of 10% of desired loan amount
  • Purchase of non-refundable passbook for ₦1,000

Loan Application

  • Completed loan application form
  • All required supporting documents
  • Non-refundable application fee of ₦1,000
  • Two qualified guarantors (see requirements)
  • Credit assessment by Liberty Vantage
  • Maximum loan amount of ₦200,000
  • Repayment tenure selection (3-8 months)

Loan Process

Our straightforward application and approval process

1

Registration

Complete registration with required documents and pay registration fees. Open savings account with 10% refundable deposit of desired loan amount.

2

Application

Submit loan application with supporting documents and pay application fee. Provide details of two qualified guarantors.

3

Assessment

Liberty Vantage reviews application and conducts credit assessment. Verification of guarantors and documentation.

4

Approval

Loan approval typically within 2 weeks of complete documentation. Maximum loan amount of ₦200,000.

5

Disbursement

Funds disbursed to client's account. Select repayment tenure of 3 to 8 months.

Repayment Terms

Repayment Structure

  • Monthly installments based on our repayment formula
  • Monthly Payment = (Loan Amount / Tenure) + (Loan Amount * Interest Rate)
  • 5% flat interest rate per month
  • Late fee of ₦1,000 per working day for late payments
  • Monthly SMS charge of ₦50 for notifications
  • Early repayment requires payment of total interest

Example Calculation

For a ₦100,000 loan over 5 months:

Monthly Principal ₦100,000 ÷ 5 = ₦20,000
Monthly Interest ₦100,000 × 5% = ₦5,000
Total Monthly Payment ₦25,000
Total Repayment ₦25,000 × 5 = ₦125,000

Frequently Asked Questions

The maximum loan amount per client is ₦200,000. Liberty Vantage may increase this amount at its discretion based on assessment of your business needs and repayment capacity.

Approval is expected within 2 weeks or less after complete registration and proper documentation is submitted. The timeline depends on how quickly you provide all required documents and the completion of our verification processes.

In the case of early payment, the entire interest accrued for the filled-in period will be paid, without any waiver of interest. We use a flat rate interest method, which means the same interest amount is applied throughout the loan's duration.

Guarantors must: be at least 18 years of age, have a valid ID Card, 2 Passports, and Work ID Card (if applicable), have a good credit history, have a steady income, and be willing to sign a guaranty agreement.

All fees paid during registration are non-refundable except the 10% savings deposit. The registration fee (₦2,000), passbook fee (₦1,000), and application fee (₦1,000) are all non-refundable.

Ready to grow your business?

Start your loan application today and get the financial support your SME needs.

Apply Now