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Security & Risk Control
We secure your loan with the financed asset itself. All assets must be-
Who Can Apply?
To apply for a Loan
- Government or corporate contracts
- Infrastructure and utility projects
- Service or technology rollouts
- Must have at least 12 months of operating history
- Must present a verifiable Letter of Award or executed contract
- Must be a Registered Business
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Eligibility to Apply
To apply for a Loan
- CAC registration and business profile
- Letter of award or signed project contract
- Project execution timeline & cost breakdown
- Valid ID and passport photo of promoter(s)
- 12-month business bank statement
- Guarantor documents or board resolution (if applicable)
- Proof of prior project performance (if available)
- Domiciliation or assignment of contract proceeds to Plug MFB
- Risk assessment report (where required)
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Loan Terms
To apply for a Loan
- Facility Type: Project/Contract Financing
- Amount: ₦500,000 – ₦20,000,000 (≤70% of contract value)
- Tenor: 3 – 12 months (aligned with project timeline)
- Interest: 4% – 5% flat monthly
- Fees: 3% processing fee
- Repayment: Bullet repayment upon project payout, or milestone-based
- Security: Domiciliation, assignment of proceeds, collateral, or performance bond
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Pre-Approved Contract Types
To apply for a Loan
- Government supply or infrastructure projects
- Oil & gas support services
- Telecom installations
- Facility management
- IT deployments & training rollouts
- Utility and logistics contracts
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