StartCredits StartCredits StartCredits StartCredits
  • Loans
  • Login
StartCredits StartCredits
  • Loans
  • Login
snow microfinance

Snow

Interest Rate (9% – 21%)

 

Apply
Category: Microfinance Tags: Business, Education, Micro Loan, Salary Advance
  • Description

Description

Snow Microfinance Bank


Snow Microfinance Bank is a CBN licensed institution offering loans for multiple purposes in Nigeria.

 

Products

  • Micro loans – This is for entrepreneurs, traders and students to access up to N1m for existing businesses. The interest rate charged by Snow on loans is a minimum of 7% with the total dependent on the tenor of the loan. Micro lending is the provision of financial services for people who don’t have access to traditional financial services such as banks. The loans are aimed at individuals who were previously considered “unbankable” by larger banking institutions. These are borrowers who are possibly dealing in small amounts of money each day, living in hard-to-access areas, without credit histories or who don’t meet “traditional requirements” within the banking sector.
  • SME loans – They provide a loan of up to 20m to help consolidate or invest in your business, that is repayable in up to 24 months. The loan is for use as working capital or for the purchase of fixed assets.
  • Salary Advance – Staff members of Private Organisation with a minimum of 10 Staff, Staff of Blue Chip companies, Civil and Public Servants. The salary must be paid into a bank account

Pros

  • Loan disbursed within 72 Hours
  • Convenient repayment plan
  • Flexible loan conditions

Cons

  • Loan application fee of up to N4000
  • Geographic restrictions to Lagos
  • 10% of loan amount is required in savings account
  • Guarantor required
  • Low Maximum loan amount

Requirements

  • Letter of employment
  • Staff identity card
  • Pay slip
  • 6 months statement of account
  • Other forms of identification (National Identity card, international passport, etc)
  • Utility bill
  • 2 passport photographs
  • Post-dated cheques
  • Signed offer letter
  • Guarantor form

Related products

  • GTB Bank Loans

    GTB

  • Lagos State Employment Trust Fund loans

    Lagos State Employment Trust Fund

  • Fina Trust Microfinance Bank loans

    Finatrust

  • ipodo-ikeja

    Ipodo Ikeja

Search for your Loan

Latest Loans

  • echo microfinance Eco bank
  • Finca Microfinance Finca
  • personal trust microfinance loans Personal Trust
  • Page-Microfinance-Bank Page
    Rated 5.00 out of 5
  • Polaris bank Polaris
    Rated 1.00 out of 5
  • kwikpay Kwikpay
  • Jumia One Loan Jumia One
    Rated 3.75 out of 5
  • renmoney fast cash loans RenMoney
    Rated 3.00 out of 5
  • unity bank loan Unity
    Rated 4.00 out of 5
  • ab microfinance loans AB Microfinance

Loan Advice

  • How to manage your loan costs
  • How to improve your credit score in Nigeria
  • Funding options to emigrate from Nigeria
  • How to access bank loans for your business in Nigeria
  • Non-performing loans of Nigerian banks
  • Securing a federal government housing loan in Nigeria
  • How to check your NIN for a loan application
  • Types of loans offered in Nigeria

Company

  • About
  • Contact
  • Credit Score

Loans

  • Moneylenders
  • Mortgage
  • Microfinance
Return To Top
  • Moneylenders
  • Mortgage
  • Microfinance
2025