₦airaland Forum

Good day nairalanders

Please which bank can open a current account in just my name? I don't have a business name yet or a company name. I only partner with a company to run my own personal stuffs. Is it even possible? I currently have a savings account with GT and the inflows and outflows on the account is above 4m within six months period.

My issues here is that I want to apply for a loan up to 1m for a building project and spread the payments for 12 months for convinience repayments.

I asked if I can convert the savings account to current account they said no unless I have a registered business name with CAC and I don't think I want to go through those process now.

I need this loan up to a million which I'm sure I'll pay up within 4months max but for convenience sake, I'll spread it for a year with the interest.

Which bank or account can I operate that can give me this offer please?

Thank you for your help.

TeamLeader:
Good day nairalanders

Please which bank can open a current account in just my name? I don't have a business name yet or a company name. I only partner with a company to run my own personal stuffs. Is it even possible? I currently have a savings account with GT and the inflows and outflows on the account is above 4m within six months period.

My issues here is that I want to apply for a loan up to 1m for a building project and spread the payments for over 12 months for convinience repayments.

I asked if I can convert the savings account to current account they said no unless I have a registered business name with CAC and I don't think I want to go through those process now.

I need this loan up to a million which I'm sure I'll pay up within 4months max but for convenience sake, I'll spread it for a year with the interest.

Which bank or account can I operate that can give me this offer please?

Thank you for your help.

GtBank can give you loan of up to 5million, I dont know if you are qualified though.

Try FCMB

tanigororo:
GtBank can give you loan of up to 5million, I dont know if you are qualified though.

They don't unless I'm a salary earner or a business owner with my own company registered with CAC. At least that's what I was told.

Am I missing something? Please educate me

Greatest100:
Try FCMB

Ok. I'll make enquiries. Thank you

TeamLeader:
They don't unless I'm a salary earner or a business owner with my own company registered with CAC. At least that's what I was told.

Am I missing something? Please educate me

Oh, I see

All banks let you open current accounts in your name.
You just need to provide all the KYC documents and 2 referees (people who already have current accounts).

TeamLeader:
Good day nairalanders

Please which bank can open a current account in just my name? I don't have a business name yet or a company name. I only partner with a company to run my own personal stuffs. Is it even possible? I currently have a savings account with GT and the inflows and outflows on the account is above 4m within six months period.

My issues here is that I want to apply for a loan up to 1m for a building project and spread the payments for 12 months for convinience repayments.

I asked if I can convert the savings account to current account they said no unless I have a registered business name with CAC and I don't think I want to go through those process now.

I need this loan up to a million which I'm sure I'll pay up within 4months max but for convenience sake, I'll spread it for a year with the interest.

Which bank or account can I operate that can give me this offer please?

Thank you for your help.

It's better for you to incorporate a business or register a business name then use it to open a coprporate account as soon as possible.

After you have done that you start running your business through it so that you can build transaction history.

No serious bank will give you a business loan based only on a bank account that is in your personal name.

The loan the bank will give you is not to you as a person but to your business which is considered a separate business entity therefore the money can only be paid into an account that bears the name of that legal entity

SavageResponse:
It's better for you to incorporate a business or register a business name then use it to open a coprporate account as soon as possible.

After you have done that you start running your business through it so that you can build transaction history.

No serious bank will give you a business loan based only on a bank account that is in your personal name.

The loan the bank will give you is not to you as a person but to your business which is considered a separate business entity therefore the money can only be paid into an account that bears the name of that legal entity

Uhmm... Ok thank you very much bro

Well I will suggest Fairmony. You can open an account with the save with them. They can give you the 1m loan amount of which you can spread payments for up to a year. Though their interest is a bit high.