How To Get A Loan From Globus Bank Nigeria Limited With Or Without Collateral in 2023

Globus bank is one of the new but outstanding financial institutions in Nigeria, it’s a bank that began its operation in the year 2019. You can also get a loan from this bank at a flexible rate and with minimal requirements. In this article, you will gain insights on how to get a loan from Globus bank Nigeria limited either with or without collateral as well as the requirements, interest rates, borrowable amounts, and other things deemed to be known.

Brief History Of Globus Bank

Before going deeply into knowing how to get a loan from Globus bank Nigeria limited, here’s a brief history of how the bank began its operation in 2019 in Nigeria.

Globus Bank Nigeria Limited is a financial institution that provides banking services to individuals, small and medium-sized enterprises, and corporate clients in Nigeria. The bank was established in 2019 and got approved by the Central Bank of Nigeria (CBN) in the same year.

Also Read: How To Get A Loan From Union Bank In Nigeria With Or Without Collateral

Globus Bank Nigeria Limited was established by a group of people with extensive experience in the financial services industry. 

The founder’s vision, aim, and objectives is to be a leading provider of innovative banking solutions in Nigeria, while its mission is to deliver superior customer service and build lasting relationships with customers across Nigeria.

The bank is widely known for offering a wide range of banking services, including personal and business banking, corporate banking, and investment banking. 

Some of the products and services offered by the bank include current accounts, savings accounts, fixed deposits, loans and overdrafts, trade finance, treasury services, wealth management etc.

Globus Bank Nigeria Limited had its headquartered in Lagos, Nigeria, and has branches in various parts of the country. 

Globus Bank Nigeria Limited Loan Types, Loan Requirements, Borrowable Amounts, Interest Rates And Repayment Period

As mentioned earlier in this article, Globus Bank Nigeria Limited offers several loan products to its customers. The loan types, requirements, borrowable amounts, interest rates, and repayment periods vary depending on the loan type you’ve chosen, you can see each loan type below including their interest rate, borrowable, repayment period etc.

Personal Loan

The personal loan may be seen as the kind of loan that is primarily designed to help individuals meet their personal financial needs. 

For you to qualify for a personal loan, you must have a steady income and a good credit history.

Also, the amount of money you can borrow ranges from N50,000 to N5,000,000, and the interest rate is competitive. The repayment period is up to a maximum of 48 months.

SME Loan

SMEs loan is a loan type specialized for entrepreneurs, small and medium-sized enterprises that requires money to boom their businesses.

To qualify for an SME loan offered by globus bank, you must have a registered business and a good credit history.

 The borrowable amount ranges from the sum of N1,000,000 to N50,000,000, and the interest rate is lower when compared to other commercial banks

The repayment period also ranges from 3 to 60 months.

Corporate Loan

Another loan type I would like you to know in this very topic- how to get a loan from Globus bank nigeria limited with or without collateral is “corporate loan” type.

The corporate loan is designed for large corporations that require funding for their business operations. 

However, for you to be able to get a  corporate loan, it’s essential you have a registered business, a good credit history, and collateral.

 Also, the amount of money you can get ranges from N100,000,000 to N500,000,000, with a competitve interest rate. The repayment period is up to 120 months.

Salary Advance Loan

The salary advance loan is specifically designed for employees working in a recognized private or public organization to meet their immediate financial needs.

However, this loan is only for a short period of time.

The amount you can borrow is 50% of your salary or income.

For example, if your salary is 100k monthly, you’ll be borrowed 50k and make the repayment by month end when your salary is paid.

This loan type is flexible and required very few requirements, the major requirements are to have a Globus bank account, must be working in a recognized company.

Assets Finance

This is another loan type but designed to help individuals and businesses acquire assets such as cars, equipment, and machinery. 

To qualify for this type of loan, you must have a registered business, a good credit history, and collateral, This will enable you to get a loan ranging from N1,000,000 to N50,000,000 while the repayment period is up to 60 months.

How To Get A Loan From Globus Bank Nigeria Limited With Or Without Collateral In 2023

To borrow money from Globus Bank Nigeria Limited, you need to follow all the necessary steps below:

• Choose the Loan Type
• Check Eligibility Criteria
• Gather Required Documents e.g collateral (if required), proof of income, means of identification, proof of home address e.g NEPA Bill, and others.
• Visit any globus bank near you and apply for the loan
• Complete the loan application and submit it to the bank officer
• Wait for review and approval
• If approved, it will be disbursed to the designated bank.

Above is the step on how to get a loan from Globus bank Nigeria limited with or without collateral.

Frequently Asked Questions On How To Get A Loan From Globus Bank Nigeria Limited

The following are a few of the related questions to ” how to get a loan from Globus bank Nigeria limited.

What services does Globus Bank Nigeria Limited offer?

Globus Bank Nigeria Limited offers a wide range of banking products and services, including personal and business banking, corporate banking, and investment banking among other things mentioned in their history.

How can I apply for a loan from Globus Bank Nigeria Limited?

You can apply for a loan from Globus Bank Nigeria Limited by visiting the nearest branch or applying online through the bank’s website or mobile banking app.

But it’s idealistic to visit the bank directly.

Does Globus Bank Nigeria Limited offer internet banking services?

Yes, Globus Bank Nigeria Limited is a commercial bank that offers internet banking services that allow customers to access their accounts, transfer funds, pay bills, and more online.

Where are the branches of Globus Bank Nigeria Limited located?

Globus Bank Nigeria Limited has branches in various parts of Nigeria, including Lagos, Abuja, and Port Harcourt.