Whether you are buying a brand-new car or a fairly used car or investing in a fleet of vehicles, our wide range of finance plans and payment options suit every personal and commercial need.
Features
Competitive and affordable monthly rentals/Repayment
New or Used Cars (up of 5 years old vehicle from verified dealers)
Local or Foreign Used
Payment plan tenured up to 5 years
LOTUS Bank will finance up to 80% of the value of the car
Low takaful/insurance rates
Eligibility
Age Eligibility: 24 - 50 years
Salaried OR Small Business Owner (3 Years experience)
3 months payslip
Salary domiciliation
Other Bank statement (12 months)
Asset as Security
Equity contribution of 20%
HOME APPLIANCE FINANCE
Plan ahead and enjoy a finance plan that supports your decisions
Features
For the acquisition on Home appliances
Flexible repayment up to 12 months
Partnership with Home Appliance/Gadget sellers (FOUANI, Samsung, etc.)
Eligibility:
Salary Account Holder & SMEs
Salary domiciliation
Select Employers/Organisations
Post dated Cheque from select Banks
Asset purchased is the security
Executed Global Standing Instruction (GSI)
Employment Letter
Statement of Account from other Banks
Payslip (3 months minimum)
AGRIC FINANCE
Features
Land and Equipment Purchase for Agricultural Activities
Development cost (land clearing, road & terrain etc.)
Working capital
Expansion of existing business
Business Advisory/Consultation
Value chain support
Cheap and competitive source of funding
Eligibility:
Business registered in Nigeria
Business establishment/ Management experience of at least 3 years
Detailed and verified Workplan/schedule
LOTUS HOMES (HOME FINANCING)
Buying a dream house, investing in properties, or looking to reduce your finance payment? LOTUS Home finance is here to help
Features
Quick and convenient home ownership scheme
Home Purchase & Home construction
Tenured up to 20 years and subject to customer's age till retirement
LOTUS Homes will finance up to 70% of the value of f the property
Low takaful/insurance rates
Eligibility:
Age Eligibility: 24 - 50 years
Salaried OR Self Employed (8 years experience in d business)
Small Business Owner (5 Years experience)
Salary domiciliation
Other Bank statement (12 months)
Asset as Security
Equity contribution of 30%
EXPORT FINANCE
Pre Shipment
Finance Available to exporters (direct/indirect) for the purpose of funding purchase from suppliers and overhead expenses incurred in relation to the production of eligible goods for export prior to shipment.
Post Shipment
Finance Available to direct exporters for the export of eligible products on sight/credit term upon presentation of export documents after shipment of goods.
Eligibility
Business registered in Nigeria
Exportation of Local produce
Business establishment/Management experience of at least 3 years
Valid contract backing the eligible product to be exported
Good Track record in Export Proceeds repatriation
IMPORT FINANCE
A facility offered to facilitate the importation of raw materials or finished goods either on advanced/deferred terms
Eligibility
Business registered in Nigeria
Exportation of Local produce
Business establishment/Management experience of at least 3 years
Good Track record in Export Proceeds repatriation
Repatriation
Terms of Payment
Nature of goods
FX Fluctuation
Equity contribution
LOTUS All - Purpose Finance
With our All-Purpose Financing (APF), meeting your personal and business need is one less thing to worry about.
Features
Used to finance personal and business needs.
The Bank appoints the customer as its agent to source for the goods/assets the customer wishes to purchase.
Tenor: Up to 36 months
Affordable and competitive pricing
Zero Facility Processing Fees
Zero Account Maintenance Fee
Access to LOTUS Digital Services including Internet Banking, Mobile Banking and many more
Eligibility:
Age Eligibility: 18-50 years
Salary Account Holder*
Self Employed - 8 years' experience in business
6 months payslip
Other Bank statement where applicable (12months)
Asset as Security
Minimum Equity contribution of 20%
Asset purchased will be used as additional security
Additional Security may apply
Monthly payment: Maximum 33% of net take home salary
Governing Contract
Murabaha (Cost Plus)
INVEST WITH US?
Gain insights into LOTUS Bank corporate strategy and business model. Download Investor Presentation Deck here or e-mail investorrelations@lotusbank.com
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