What do I need to qualify for a loan?Dully completed loan application form
Availability of guarantor
Availability of evidence of repayment and or 6 months’ bank statement
How do I apply?Online at www.PecanTrustbank.com
Visit our office at No 32, Grace Anjous Drive, Lekki Phase 1, Lekki, Lagos
How much can I borrow?You can borrow up to 33.3% of your TOTAL income.
What is the repayment plan?Weekly, bi-weekly, monthly as suitable for your business
How can I repay my loan?Cheques: The cheques deposited as part of your loan documentation will be presented to your Bank on due date
Cash: Payments lodged directly at our office at No 32, Grace Anjous Drive, Lekki Phase 1, Lekki, Lagos and/or our correspondent banks
You may transfer funds from other banks to your PecanTrust account
DDM: Direct Debit Mandate
What is your maximum loan tenor?The maximum tenor is six (6) months i.e. 180 days
Does PecanTrust require a credit check?Yes, this forms a major part of our loan review, we use it to verify information provided in your loan application form.
Do I have to be in paid-employment to get a loan?We have different loan packages to suit customers in paid employment and SMEs
Can I have multiple loans?You cannot apply for more than one loan at the point of your application, but you can apply for a top up loan after making one third installments on your current loan.
What is a Top-up?A top up loan is an additional loan request that is added to your existing loan.
Can I pay down the loan before maturity?Yes, you can pay down/liquidate your existing facility at any time