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How to Apply for Access Bank Women Power Loan 2022
Access Bank W Women Power Loan 2022
If you hit a woman, as the Afkan saying suggests – you hit a rock. It emphasizes the power of a woman in economic construction, Pulley is a well known access bank by Pic. Access Bank has designed Electricity Loans for Nijenan Women. This loan product is designed to provide financing for women-owned businesses by providing access to loans and credit facilities.
Access Bank Women power loans are offered in two specific areas
Term loans: Packaged versions of loans are designed for infrastructure purchase and upgradation. In other words, you can use this loan to buy machinery, equipment and other real estate required for your business.
Working Capital Loan: Whether the loan can be used for the purchase of raw materials or for business operating costs.
Apart from that, you can get up to 100 Million (One Hundred Million Naira) in Mahila Shakti Loans from Access Bank. It is important to note that these loans are only for women-owned businesses or women-owned businesses with up to 50% share ownership. Also, the business must have been operating for at least one year.
Eligibility for W Power Loans
- The business must be owned by a woman or up to 50% must be owned by a woman.
- Minimum loan term of 10 years.
- Your business must have a staff of at least 20 employees.
Documents Required for the Loan
- Loan Application Form
- Valuation Report
- Bank statement (1 year)
- CAC Certificate of business registration
- BVN validation page of directors or proprietor.
- BOQ
- 1 Guarantor form
- Credit checks
- Valid Identity Card
Other Needed Documents
- KYC
- Offer letter
- Executed Term Sheet
- Advisory Mandate letter
- Standing instruction for renewal of credit life insurance
- Domiciliary letter
- Business or Board resolution
- Proof of insurance cover and credit life insurance
How to Apply For Access Bank W Power Loan
To apply for the Women Power loan, complete and submit the loan application form. => Download Access Women power Loan Application Form.
For more information, visit https://www.accessbankplc.com/personal-banking/LOANS/W-Power-Loan.aspx
Ensure you carefully read all the instructions and guidelines before you apply.