Connect with us


How To Apply And Get Globus Bank Loan

With the current state of the economy, securing loans is more vital than ever for both business owners and individuals. Regardless of why you require a loan, the majority of the work is spent locating a suitable lender. More importantly, this is why institutions like the Globus bank exist: to make things easier than they are now. Globus bank loans are among the most straightforward to obtain, having met the demands of a large number of people over the years.

Get Federal Government Loan for Business Startup => See Here!

About the Globus Bank

Globus Bank was established as a limited liability company on March 6, 2019, making it a newcomer to the market. They are also officially licensed by the Central Bank of Nigeria, and their major goal is to provide commercial banking services to Nigerians. Globus Bank, like many others today, is a digitally based institution that aspires to be Nigeria’s leading digital bank. Basically, this means providing the best, most timely solutions to suit their consumers’ needs.

What services are provided by Globus bank loans?

Despite the fact that Globus Bank offers traditional personal banking, its loan products remain the company’s key selling point. As a result, among the lending services they offer are:

Also Read:  How to Apply for FarmerMoni Loan In 2022

1. Individual loans

Employees of businesses can apply for personal loans from Globus Bank. In essence, the bank makes a deal with firms, allowing them to borrow up to 75 percent of their employees’ net annual wage. It should be noted, however, that this option is only open to candidates who are receiving terminal benefits.

2. Funding for the creative industry

The loan for the creative sector is funded by a Central Bank of Nigeria initiative (CBN). Its primary goal is to increase capacity and create jobs for those working in the fashion, software engineering, and information technology industries. You may also read about the loan from the Central Bank of Nigeria in this article.

3. Asset-based lending

This service was created by Globus banks for firms wishing to buy assets. As a result, it can support the purchase of equipment such as vehicles and machinery, as well as generate cash from the value of assets that the company currently has.

4. Automobile financing

Vehicle financing enables you to acquire the vehicle of your choice. In addition, rather than a tough flat sum payment, the repayment plan is flexible and includes interest.

5. Home loan

Finally, mortgage loans relieve you of the responsibility of paying for real estate developments directly. Essentially, the bank pays you in advance and allows you to repay the loan over a set period of time.

Also Read:  How to Apply for Facebook N500m Business Grant (2020)

What are the interest rates that apply to Globus bank loans?

Globus bank loans do not have a constant interest rate; instead, it varies depending on the form and nature of the loan. However, one thing is certain: they will disclose the rate in the contract and notify you before the transaction is finalized. It’s up to you at that time to assess your options and accept or refuse.

What are the prerequisites for obtaining a loan?

Each loan with Globus bank has its own set of minimum requirements. However, the majority of loan products include the requirement that the consumer have a stable source of income. This is how the bank assesses your ability to repay the loan and considers the dangers of doing so.

What are the payback terms for the loans?

Following the completion of your loan application process, you and the bank will agree on a repayment term. As a result, they differ from one person to the next. Globus Bank, on the other hand, provides consumers with a flexible and convenient repayment option.

What is the procedure for applying for Globus bank loans?

Globus bank loans are simple to apply for. You can do so either through their online channels or in person at the bank. The procedures are as follows:

  • is their official website.
  • Select “corporate banking” from the “online banking” page.
  • Make a new user account.
  • After that, you can use the “borrow” tab to apply for a loan.

Source: Nyscinfo

Share this post

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Loans/Finance


Recent Posts

Subscribe to Our Newsletter

Enter your email address to SUBSCRIBE for FREE to this blog and receive notifications of new posts by email.

Join 8,701 other subscribers
To Top