SHOWAL LOAN APPLICATION FORM

LOAN INFORMATION

Please, ensure you complete the questions with asterisks.

Please, only use this form if you are a new customer. Returning customers must sign in to their account to apply for a new loan.

Please, use the slider for the Loan Amount and how long you need the for. Following this, you will see the total repayment, monthly repayment, total interest and Final repayment date.

If you are happy with the information, proceed to applying by completing the application.

*How much do you want to borrow?

₦

*How long do you need the loan for(months)?

Month

Final Repayment Date:

Total Interest

₦

Total Repayment (Loan amount and total interest)

₦

Monthly Repayment

₦

Our Representative Example: Loan amount ₦500,000 repayable over 6 months. Total amount repayable ₦680,000 in 6 payments of ₦113,333. * Illustrative and based on a 30 day month.

*What do you need the loan for?

*We charge a non-refundable fee for the processing of this application. ₦ 5000 for personal loan and ₦ 10000 for Business Loan. This is a pre-requisite for the application. We cannot process your application until the payment of the fee. Please tick the box to continue the application. *Yes, am happy to pay the processing fee(Non-refundable)

*Are you a first or returning customer?
*Is this a personal or business loan?
*How do you intend to pay the loan back?
If others, provide more information
*Proposed collateral Collateral is when an asset is pledged to secure repayment. Proof of ownership must be provided
If others, provide more information
*What is the Value of the collateral ( ₦):

₦

PERSONAL INFORMATION

*Title:

*First Name:

*Last Name:

*Date of Birth

*State of residence: We can only provide loan facility to residents of Lagos and Oyo state

*Marital Status

*Gender:

*Total Dependants:

*Mother's maiden name:

(This is for identification purposes and should be a maximum 12 characters)

ADDRESS AND CONTACT INFORMATION

*Home Address:

*Local Govt Area:

*State:

*Residential Type

*Time At Address

*Mobile Number

*Second mobile Number if you have don't have a second number, please re-enter the same mobile number

*E-mail@:

WORK INFORMATION

*Employment Status

*Job Title

*Employer Name

*Work Address

*LGA

*State

*Work Mobile Number

*Time with Employer

If Business Owner - What percentage do you own in the business
State company's CAC No

FINANCIAL INFORMATION

*Payment Frequency

*Your Wages/Salary Paid Into Account?

*Monthly Income (After Tax)

₦

*When is Your Next Pay Date?

MONTHLY EXPENSES

As part of our commitment to responsible lending, it is important for us to understand your regular out-goings when we access your application.

Please only include your own personal contributions and responsibilities if you share any cost of the expenses below with any other individuals in your household.

*Rent / Mortgage

₦

*Food and Utility cost

₦

*Other Monthly Expenses

₦

* I confirm that I have considered my potential future income and expenses, and I believe I will be able to repay a loan.

BANK DETAILS

*Account Name

*Bank Name

*Account Number

*Please, state if account is current or savings

*Years with Bank
Please tick here to confirm you have provided accurate financial information.

*How did you hear about us?

If referral, please, enter referral code below

Please, create an account by registering a password

Password - Please enter password:

Confirm Password - Please confirm the password:

Password must contain the following:

A lowercase letter

A capital (uppercase) letter

A number

Minimum 8 characters

Warning: Late repayment can cause you serious problems.

TERMS AND CONDITIONS

I certify that the information supplied by me is true and correct

I authorise verification of the truthfulness of all information contained herein, including contact with any firm or person listed above, and I fully release all parties from any and all liability for any damage that may result. Any false statement made by me shall be sufficient basis for rejection

The Applicant understands that additional information in support of this application must be supplied to SHOWAL, if requested, before adequate consideration can be given to this application.

The Applicant realises that any present or future indebtedness of the Applicant, or the Applicant’s business, to the SHOWAL may become due and payable if any information provided by the Applicant to the SHOWAL proves to be inaccurate or incomplete

SHOWAL may ask for additional security before proceeding with your loan application. The level/type of security is determined on a customer by customer basis. Factors that affect the level of security required include (but are not limited to)
- The net worth of the customer
- The level of risk assessed to this application by the business manager The credit history of the customer
- The information provided on this form
SHOWAL staff will discuss loan security options with you after we have had an opportunity to review your application package, personal statement and credit history
If your loan is over 5,000,000 NAIRA, SHOWAL requires that you secure life insurance to cover the loan. Even If your application is approved, no funds will be disbursed until the life insurance is in place. If you are unable to quality for life Insurance then SHOWAL reserves the right to reject the loan application

* Sending this application means applicant agrees to the above terms and conditions