Digital lending products
Digital Lending Products
Digital Investment Products
Digital lending products are digitally originated credit facilities
Access convenient financing through Sage Grey Finance’s digital lending solutions. Our products support personal and business needs with structured repayment terms and appropriate credit risk measures, all through a seamless digital process.
01
SALARY LOAN
Salary Loan is a salary-backed lending product designed to provide eligible employees of partner organizations with access to personal credit for their financial needs.
Key Features
- Loan Amount: Up to ₦10 million
- Interest Rate: 3.5%–5% per month
- Repayment Tenor: Up to 12 months
- Turnaround Time: within 24 hours
Eligibility Criteria
- Must be a confirmed employee of an eligible partner organization.
- The employer must have been in operation for at least 2 years.
- Salary must be domiciled with Sage Grey.
Required Documents
- HR authorization or introduction letter.
- Loan application letter.
- Positive credit report.
- Confirmation of staff salary domiciliation with Sage Grey.
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Key Features
- Loan Amount: Up to ₦10 million
- Interest Rate: 3.5%–5% per month
- Repayment Tenor: Up to 12 months
- Turnaround Time: within 24 hours
Eligibility Criteria
- Must have an SGF account.
- Must make consistent contributions of at least ₦50,000 monthly for six months.
- Contributions must remain in the account for six months
Required Documents
- Completed online loan application form.
- Valid means of identification.
- Bank Verification Number (BVN) and account details.
- Proof of income and recent bank statements.
- Employment confirmation (for salaried applicants).
- Rent invoice, tenancy agreement, or landlord confirmation.
- Utility bill or proof of residential address.
02
SGF Rent Support Loan
Need help paying your annual rent? The SGF Rent Support Loan provides eligible customers with convenient financing to meet their rent obligations without the immediate financial strain.
03
SGF Payday Loan
Need cash before payday? The SGF Payday Loan provides eligible salaried employees with quick access to short-term funds for emergencies, unexpected expenses, and other urgent financial needs.
Key Features
- Loan Amount: up to ₦1 million
- Interest Rate: 3.5%–5% per month
- Repayment Tenor: 1 months
- Turnaround Time: Within 24 hours
Eligibility Criteria
- Must be a salaried employee of a verifiable organization.
- Must meet SGF’s minimum income and employment requirements.
- Must have a valid BVN and an active salary account with consistent inflows.
- Must pass credit and affordability checks.
- Must provide valid identification and consent to the approved repayment arrangement.
Required Documents
- Completed loan application form.
- Valid government-issued identification.
- Proof of address.
- Recent payslips (last three months).
- Bank statements (last three months).
- Employment verification letter.
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Product Overview
This product has the potential to become a key driver of growth for Sage Grey Finance Limited while making a positive impact on clients' lives. It will also improve the quality of life for our clients by enabling them to purchase necessary home appliances, renewable energy and furniture without the burden of significant upfront costs. this product.
Product Structure
| Parameter | Details |
|---|---|
| Obligor Limit | ₦10,000,000.00 |
| Tenor | 6 months – 2 years |
Eligibility Criteria
- Nigerian citizen or legal resident aged 21-65
- Proof of steady income (employed, self-employed, or pensioner)
- Minimum monthly net income of ₦200,000
- Good credit history or satisfactory explanation for any credit issues
- Ability to make a down payment of at least 20% of the item's value
Documentation Requirements
- Completed loan application form
- Valid government ID (e.g., National ID, driver's license, or international passport)
- Proof of address (recent utility bill not older than 3 months)
- Bank statements for the last 6 months
- For employed individuals: Pay slips for the last 3 months
- For self-employed: Business registration documents and financial statements
- Proforma Invoice/Quotation for the household item to be financed
- Proof of downpayment of 20% of the item's value
04
SCF Home Essentials Financing
SGF Home Essentials Financing is a specialized financial product designed to help individuals and families in Nigeria acquire essential household items through accessible and flexible financing options.
05
SGF Auto Finance
SGF Auto Finance is a specialized financial product designed to help individuals and businesses in Nigeria acquire vehicles necessary for personal and professional growth.
Product Overview
This product aims to increase mobility and productivity for our clients by enabling them to purchase new or used vehicles without the burden of significant upfront costs.
Product Structure
| Parameter | Details |
|---|---|
| Obligor Limit | ₦10,000,000.00 |
| Tenor | 1-3 years |
Eligibility Criteria
- Nigerian citizen or legal resident aged 25-65
- For individuals: Proof of steady income with minimum monthly income of ₦300,000
- For businesses: Registered in Nigeria with at least 2 years of operations
- Good credit history or satisfactory explanation for any credit issues
- Ability to make a down payment of at least 40% of the vehicle's value
Documentation Requirements
- Completed loan application form
- Valid government ID (e.g., National ID, driver's license, or international passport)
- Proof of address (recent utility bill not older than 3 months)
- Bank statements for the last 12 months
- For employed individuals: Pay slips for the last 6 months
- For businesses: CAC documents, 2 years' financial statements, and 6 months' bank statements
- Proforma invoice for the vehicle to be financed
- Proof of down payment
- Valid driver's license
Product Overview
This product aims to boost productivity, efficiency and growth for our clients by enabling them to purchase new or used equipment without depleting their working capital or straining their cash flows.
Product Structure
| Parameter | Details |
|---|---|
| Obligor Limit | ₦10,000,000.00 |
| Tenor | 12 months |
Eligibility Criteria
- Registered business in Nigeria with at least 2 years of operations
- Good credit history or satisfactory explanation for any credit issues
- Ability to make a down payment of at least 30% of the equipment's value
- Demonstrable capacity to repay the loan from business cash flows
- Compliance with industry-specific regulations and certifications
Documentation Requirements
- Completed loan application form
- Certificate of Incorporation and other CAC documents
- Tax Identification Number (TIN) and tax clearance certificate
- 2 years audited financial statements
- 12 months' bank statements
- Business plan or project proposal highlighting the need for the equipment
- Proforma invoice for the equipment to be financed
- Proof of down payment
- Personal Guarantee from the Managing Director and 1 other Director
- Personal Guarantee from two major shareholders
- Insurance Coverage
06
SGF Equipment and Machinery Finance
SGF Equipment & Machinery Finance is a specialized financial product designed to help businesses in Nigeria acquire essential equipment and machinery through accessible and flexible financing options.
