Features

  • Term loans availed to SME manufacturers and merchants exporting government-approved non-oil items
  • Maximum tenor of 90 days for pre-shipment and 60 days for post-shipment
  • Single obligor limit of N30m for pre-shipment and N50m for post-shipment

Benefits

  • Discounted interest rate of 24% per annum
  • Timely access to finance
  • Working capital finance

Requirements

  • Business must have been operational for a minimum of 2years or 2 production cycles
  • Minimum of 3 months banking relationship with Diamond Bank
  • Tangible collateral in line with existing banks policy
  • Insurance on export commodities and pledged assets to be in place

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