Overview
General Questions asked by our prospective loan borrower.
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Eligibility
These questions will provide you with the relevant eligibility screening before seeking for loans
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What kind of businesses does NOLT lend to?
We work with small & medium enterprises across all industries.
How do I find out if I'm eligible?
The eligibility for our loans varies from product to product. Visit our product pages for more information.
Can I get a loan for a business that is less than a year old?
Your business must have been in operation for at least one year.
What documents should I submit for a business loan?
- KYC Documents of the Proprietor / Partner / Director as applicable and KYC documents of co-applicants
- KYC Documents of the Entity (Firm / Pvt Ltd. Co. as applicable)
- Income documents (Financials/management account for at least 1 year)
- Business continuity proof
- 1 year bank statement downloaded via net banking
- Utility bills (LAWMA, PHCN, Water)
What documents are considered as valid identity proof?
- International Passport
- Election / Voter’s ID card
- Driver’s License
- National Identity Card (NIMC)
What documents are considered as valid address proof?
- Utility Bill (LAWMA, PHCN, Water)
- House Rent Receipt
I registered my business this year, but it has been running for a long time. Will my application be eligible?
Yes, subject to verification.
Why should you take a business loan?
Taking a business loan can be instrumental in providing the necessary capital to fuel your business growth, expand operations, purchase equipment, hire skilled personnel, and increase inventory.
It offers you a strategic financial solution to meet short-term or long-term needs, enabling your business to stay competitive, and optimize your cash flow.
Why choose Nolt for a business loan?
We have a very fast loan-lending process with three steps. Application submission, Approval and Disbursal.
This depends on accurate submission of KYC documents which will enable us to make an accurate assessment of the application within 48 hours.
Do I need to visit the NOLT office to get a loan?
This varies based on the amount requested. Generally, the whole process of taking loans is automated online. The document verification too occurs online and thus provides a hassle-free loan application process.
What are the chances of me getting a business loan from NOLT?
The chances of obtaining a business loan from NOLT depend on various factors, including your creditworthiness, financial history, business plan, and the accuracy of your documentation.
NOLT values transparency and fairness in its evaluation process, striving to provide opportunities to deserving applicants.
How can I speed up my loan approval?
By providing correct documents and following the application process thoroughly so that the loan approval doesn’t have any stoppages.
How do I repay a NOLT loan?
All repayments can be made via bank transfer
Can I repay my loan before the due date?
Yes.
Does NOLT Finance Company offer loans?
Yes, we provide loans to individuals and businesses for various purposes, including Salary Earners Loan, Working Capital Loans, Public Sector loans, Asset Financing Loans, Annuitant Loans and so much more.
Our loan options are flexible and tailored to meet your specific needs.
How can I contact NOLT Finance Company for further inquiries?
You can reach us by phone on +234 814 922 0557, email at customercare@noltfinance.com or visit our office during business hours. Our dedicated team is always ready to assist you with any questions or concerns you may have regarding investments, financial advisory, or loans.
How does NOLT Finance Company provide financial advisory services?
Our experienced advisors work closely with clients to understand their financial goals and develop customized strategies.
We provide ongoing guidance and support to help clients make informed decisions.