Keystone Bank Limited Instant Loans without Collateral: How To Apply

Keystone Bank is a prominent institution with strong operational standards. Its headquarters are in Nigeria.

It has around 154 bank branches dispersed over the country, with its headquarters in Lagos. Furthermore, it has branches in two other countries: Liberia and Sierra Leone.

Keystone Banking Systems provides a wide range of commercial, corporate, and small company banking services.

Keystone Bank offers savings and checking accounts, as well as a number of lending products (personal loans, mortgages, lines of credit, and so on) and credit card services.

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They have features enabled by advancements in Internet technology, such as Internet Banking, which allows customers to perform self-service functions such as make deposits and payments via phone or online service, or access automated teller machines (ATM) anywhere in the world at any time of day or night.

The Current Account at Keystone Bank

Individuals, limited liability corporations, sole proprietorships, registered company names, partnerships, non-governmental associations, clubs, associations, religious groups, and government parastatals, agencies, and ministries are all eligible for this current account.

Keystone Financial And Loan Services

Loan for personal use

The Keystone Bank Personal Loan is a short- to the medium-term loan that provides financial freedom to employees of corporate enterprises.

Features

  • Access to up to ten million dollars is contingent on the employee’s monthly income.
  • Within 36 months, you must repay the loan.
  • Interest rates that are competitive
  • A credit life insurance policy is required.

Requirements

  • Application form that has been properly filled out and finished
  • Salary and Allowances Domiciliation
  • Last pay stubs as proof
  • Employer’s Letter of Undertaking, properly completed
  • Letters of Set-Off/Lien Positive Credit Checks that have been duly signed
  • There is no history of cheques being returned.
  • Valid identification (including the employee’s ID) is required.
  • Photograph of BVN Passport

Loan For A Car

An auto loan is a long-term loan for those who want to buy cars (only brand new cars) for personal usage.

Features

  • Up to $15 million is available (subject to the employee’s monthly salary).
  • Within 48 months, you must repay the loan.
  • A 20% minimum equity contribution is required.
  • Interest rates that are competitive
  • Life insurance with a credit rating

Requirements

  • Application form that has been properly filled out and finished
  • Salary and Allowances Domiciliation
  • Last pay stubs as proof
  • Employer’s Letter of Undertaking, properly completed
  • Letter of Set-Off/Lien duly signed
  • Credit Checks That Are Positive
  • There is no history of cheques being returned.
  • Valid identification (including the employee’s ID) is required.
  • Details of Salary Instanta and Home Acquisition BVN Passport Photograph The same as before, but it should come last.

Facility for Device Financing

This service allows salaried and working-class people to purchase brand new phones and other equipment from mobile9. To get started, go to one of 9mobile’s specified locations.

Requirements

  • Up to N500,000 is available (subject to the employee’s monthly salary).
  • Return the money within 12 months.
  • A 20% minimum equity contribution is required.
  • Interest rates that are competitive
  • Life insurance with a credit rating
  • Application form that has been properly filled out and finished
  • Salary and Allowances Domiciliation
  • Last pay stubs as proof
  • Employer’s Letter of Undertaking, properly completed
  • Letter of Set-Off/Lien duly signed
  • Credit Checks That Are Positive
  • There is no history of cheques being returned.
  • Valid identification (including the employee’s ID) is required.
  • Photograph of BVN Passport

Asset financing options

Salary Earners can utilize this facility to purchase brand new household electrical and electronic assets from the bank’s pre-qualified vendors and stretch out repayments over an 18-month period.

Requirements

  • Up to $5 million is available (subject to the employee’s monthly salary).
  • Within 18 months, you must repay the loan.
  • A 20% minimum equity contribution is required.
  • Interest rates that are competitive
  • A credit life insurance policy is required.
  • Application form that has been properly filled out and finished
  • Salary and Allowances Domiciliation
  • Last pay stubs as proof
  • Employer’s Letter of Undertaking, properly completed
  • Letter of Set-Off/Lien duly signed
  • Credit Checks That Are Positive
  • There is no history of cheques being returned.
  • Valid identification (including the employee’s ID) is required.
  • Photograph of BVN Passport

How to Get a Business Loan from Keystone Bank

Keep reading if you need a loan from Keystone Bank for business purposes. There are some major criteria you must meet in order to have a smooth ride.

There are specific standards that your firm must achieve in order to qualify for a Keystone Bank business loan.

Some of these requirements will apply regardless of the loan choice you choose, while others may be exclusive to specific credit packages.

Keystone Bank, for example, has products that are solely suitable for firms in specific sub-sectors of the economy, such as agriculture. You will not be eligible for this financing facility if your company is not involved in agriculture. 

A financial productive firm that can create a consistent monthly income is one of the most common loan requirements. Another loan condition is that your company has a positive credit history.

Although solid credit history is not required for obtaining a secured loan, it is required for individuals seeking loans without collateral.

There may be additional lending requirements, such as:

Other loan conditions are listed below.

  • Having a Corporate Affairs Commission-registered business or corporation (CAC)
  • Having a corporate or commercial bank account, you’ve been dealing with for a while now (1-3 years minimum)
  • A strong credit report is required, with no overdue obligations or bad debt.
  • Being a bank’s regular customer
  • Individuals are not eligible for Keystone Bank business loans or other forms of finance. To put it another way, if you want to acquire business finance, you must first register with the CAC.

Note that if your company has not yet been incorporated, you can apply for a personal loan and utilize the money for commercial purposes.

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