http://www.mutualalliancebank.com

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Credit Facilities

L.P.O Financing

LPO FINANCING:

L.P.O Finance

(LPO) Financing is designed to meet the working capital needs of contractors and vendors of reputable organizations. The Bank can study their contract/orders and consider advances against the said contract/orders or the appropriate amount of outstanding due for payment. Those with legitimate LPO's, the Bank will finance against them. By presenting the Local Purchase Order (LPOs), the Bank can provide funds to the customer and the proceeds (from the order) are used to liquidate the facility. Likewise for the outstanding receivables.

Features:-

The key features are :-
● Funds are provided for the purposes of expanding business by borrowing against
LPOs and Receivables.

Requirements/security:

·Local Purchase Order from the issuing company
·Formal Application Letter from the customer
·Company Profile and Registration Documents
·A well executed and confirmed Domiciliation Letter from the issuing company, and/or shares.

House Improvement Loans

Home improvement

Mutual Alliance Savings and loans Bank home improvement loans combine great rates with refreshing levels of customer service. Getting a quote for our home improvement loans is easy and hassle-free, with clear instructions. And you can apply for our home improvement loans from any of our branches and get an instant decision.

You choose how much you want to borrow, between N100,000 and N5M - and how long you want to take to repay your loan - anytime between 1 and 5 years.

The rates on our home improvement loans are fixed, so your repayments will be the same throughout the loan period, whether interest rates go up or down. And all our home improvement loans come with the opportunity to defer payment for the first three months**.