• The customer selects a vendor from the approved vendor pool.
• The vendor conducts a site inspection at the customer’s location.
• The vendor issues a Proforma Invoice based on the inspection.
• The customer submits a loan application to the bank.
• Vendor installs for the customer after loan has been approved by the Bank.
• The customer repays the bank through agreed monthly instalments.
• Ownership is transferred to the customer upon full repayment of the loan.

The Bank will then conduct the following checks:

• KYC (Know Your Customer) and AML (Anti-Money Laundering) verification.
• Credit Bureau checks.
• Affordability assessment.
• The customer pays the required 10% upfront deposit.
• The bank disburses the payment directly to the vendor’s account with the bank.
• The vendor completes the installation within the agreed Service Level Agreement (SLA).

Required Customer Documentation

• Valid means of identification (e.g., NIN, Driver’s License, International Passport, Voters Card)
• BVN
• Proof of address (Utility Bill)
• Proof of income or bank statement
• Passport photograph
• Vendor quotation
• Direct Debit Mandate on the account opened with the bank
• Completed Customer Application Form.