Grofin loans – Requirements, how to apply and interest rates

Grofin loans Requirements how to apply and interest rates

Have you ever been in a state of affairs while you are coins strapped and desperately want economic resource on your business? Well, we recognize how this feels. You want now no longer fear approximately the ones expenses, Grofin loans were given you covered.

In this article, we’ve got cautiously reviewed all you want to realize approximately getting a mortgage from Grofin. This consists of the requirements, hobby rate, among numerous different stuff you want to realize.

About Grofin Loans
Grofin is one of the fast-growing Fin

ancial Institutions in Nigeria. They are an impact-pushed SME financier with a imaginative and prescient to assist marketers be triumphant at their businesses. They but attain this through presenting commercial enterprise proprietors with commercial enterprise aid and loans. Furthermore, it’s miles a perception of the enterprise that the maximum effective motive force of social and financial improvement is the SME quarter which creates strong jobs. They have their headquarters in Mauritius and that they usually provide aid to SMEs in 14 nations in Africa, inclusive of Nigeria and withinside the Middle East. Additionally, they’ve the most aid of 14 economic establishments and personal funders who’ve devoted about $335 million in capital to their fund.

What are the Pros and Cons of Grofin Loans?
They have a bendy compensation choice for his or her customers
The quantity of mortgage they’ll deliver for your enterprise could be sufficient to cater to all of your needs.
Excellent mortgage tenor. (Up to eight years)
Up to date, they have got supported approximately 9,630 Entrepreneurs
They have permitted as much as approximately $385m enterprise loans for entrepreneurs

Cons

  • They require collateral.
  • The process might be rigorous for anyone who needs quick cash.

What are the maximum and minimum amount you can borrow?

The major reason for the existence of Grofin is to help SME business owners succeed in their business. On that note, Grofin ensures they provide enough money to cater to your business needs. Once they review your application and approve it, they make it available to you for about $100,000–1 Million.

What Interest rates apply with Grofin?

This depends on the amount you wish to borrow. However, in general their loan interest rate rises up to about 15% of the amount you borrowed.

What are the minimum requirements for taking up a loan with Grofin?

The minimum requirements for taking a loan with Grofin are not farfetched. However, before you can qualify for a loan with them, you have to meet up their eligibility criteria.

 Below are the eligibility criteria for obtaining a loan with them.

  • Your business must be in any of the following African countries: Ghana, Nigeria, Egypt, Kenya, Tanzania, Rwanda, South Africa, Zambia, and Uganda.
  • The Business must belong to you
  • Your business must have a turnover of 1.5 times your loan amount
  • You must have been operating your business for 2 years or more.
  • Your business must be profit-oriented.
  • You will need collateral to secure the loan

How fast are funds released?

Grofin funds release is lightning-fast. However, this is only possible if you satisfy all the necessary requirements after they have reviewed your application.

How do I apply for Grofin Loans?

As we have earlier stated, getting a loan from Grofin might be a little strenuous for you. However, if you persevere and go through the process, it would be worth it.

To get a loan from Grofin, kindly follow the following procedures:

  • Visit their official website on www.grofin.com
  • Click on the Menu Icon on the far right corner of the Page
  • Select the Loan that interests you. It could be either business loans, women’s Entrepreneurs loans or Business support.

After this, they will require you to go through 4 stages. Which includes:

  • Taking Online Assessment
  • Filling an Application form
  • Review of the documents you provided
  • Approval/Rejection.

However, if you scale through these four stages successfully, your loan will be disbursed into the account number you supplied.

 How do I contact Grofin Loans?

Feel free to contact Grofin Loans via any of the following media:

Head office:

  • Real plaza (Ground Floor) Plot 1 Dosumu street, off Hakeem Balogun Street, CBD, Agindingi, Ikeja Lagos
  • 77 stadium Road Port Harcourt, Rivers state.

Email Address: info.nigeria@grofin.com or info.portharcourt@grofin.com

Official website: www.grofin.com

Mobile Number: +234 7056966666, +2349090001346 (Lagos). +2347052951455(Port Harcourt)

Conclusion.

Grofin is one of the best lending and fast loan company for SMEs in Nigeria and Africa at large. Their Interest rates are affordable, and they offer a loan tenor of up to 8 years. Simply visit their official website to secure a financial loan for your business.

Grofin loans Requirements how to apply and interest rates

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