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Short Term Loans Without Any Physical Collateral! - Business - Nairaland

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Short Term Loans Without Any Physical Collateral! by kusnigga(m): 7:10am On Jan 09, 2007
Guys I finally got a job o, in an investment company (No be God?). Help me thenk him o! But then den don give omo-boy target o, n I know its with u guys that I'll reach that target. For more clarification or if anyone is interested in short term loans just buz;
Sanmi- 08028421175, 018784294
or
Bayo- 08033540956, 017651359

Thanks guys,1
Below are the requirements;
CONDITIONS PRECEDENT TO LOAN ADVANCEMENT

1. Application letter for the facility
2. Duly filed consumer Loan Request Form
3. Duly completed 2 guarantors’ forms
4. Photocopy of a valid Applicant’s Employer Endorsed Identity Card
5. Photocopies of valid Guarantors’ Identity cards
6. 1 recent passport photograph of the applicant
7. Photocopy of Applicant’s Employment letter
8. For Corporate Bodies; CTC of Memorandum and Articles Of Association,
Copy of Certificate of Incorporation, Board Resolution authorizing the transaction
9. Post dated cheque for the repayment of the principal and 10% Advanced payment of Administrative/ Processing Fees.(=N=2500.00 for transactions between 100,000.00 and 300,000.00 and 1% for transactions for 300,000.00 and above)


OTHER CONDITIONS

1. All expenses incurred by ………for legal, perfection and recovery in case of default may arise from this loan shall be borne by the Applicant.
2. if any part of the loan is outstanding or remains unpaid after the expiration of each monthly repayment, a flat penalty of 10% would be charged on the outstanding cumulative balance per month.
3. The Applicant guarantees to ensure that value is received on any financial instrument e.g. cheque issued in favour of ………. Limited for Liquidation of its obligation under this facility.
4. Any returned cheque will attract a fee of =N=2,000.00 (Two Thousand Naira only).
5. ………, Limited reserves the right to call in this facility any time after the due date without recourse to the Borrower.

Without prejudice to the foregoing, please note that ……. Limited reserves the right to amend the terms and conditions of this loan, should the need arise with due notification to the Applicant .

If the above terms and conditions are accepted by you, the Applicant, kindly endorse (the two copies of this letter cover N20.00 stamp.) and return same to ……… Limited.

If Applicant is a corporate body, please endorse and return same together with a board of Directors’ Resolution, authorizing acceptance of the transaction and nominating and approving officers to sign on behalf of your company

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