Capstone Loan Products
Capstone Salary Advance
Capstone LPO Financing
Capstone Transportation Support Scheme
Capstone Temporary Overdraft
Capstone Corporate & Sole Proprietorship Account
Capstone Holy Pilgrimage Account
Capstone Micro Housing Scheme
Capstone Micro Insurance Scheme
Capstone Assets Acquisition Scheme
CAPSTONE SALARY ADVANCE
This is bridging gap finance to meet the financial needs of those in paid employment with reputable companies.
PRE-REQUISITES
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Loan up to 50% of monthly salary
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Evidence of payment e.g payslip and account statement
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Facility to be cleaned up a maximum of three (3) months after draw down.
CAPSTONE LPO FINANCING
The product is granted only to clients that have contracts from blue chips companies like Oil and Gas, banks, telecoms etc.
PRE-REQUISITES
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Equity contribution of 30%
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Repayments from contract proceeds
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LPO confirmation and domiciliation of payments to be put in place
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Cheque to be issued in the name of name of supplier or manufacturer of products.
CAPSTONE ASSETS ACQUISITION SCHEME
The loan is for low-income earners in paid employment for the acquisition of assets like generating sets, electronics, kitchen and other household products.
PRE-REQUISITES
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Provide a guarantor
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Loan period of 90 to 180 days
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Flexible repayment arrangement
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Comprehensive insurance
CAPSTONE CORPORATE AND SOLE PROPRIETORSHIP ACCOUNT
The account is designed to meet the banking needs of registered business entities.
PRE-REQUISITES
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Issuance of personalized cheque book
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Minimum account opening balance
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Access to loan
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Deposit and withdrawal from correspondent Bank branches
CAPSTONE MICRO INSURANCE SCHEME
Designed for low-income earners to maintain life, health or property insurance schemes and pay with ease.
PRE-REQUISITES
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Choose an Insurance Policy
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Flexible payment plan
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Easy access to claims
CAPSTONE IOU
This is bridging gap finance to meet the financial needs of those in paid employment with reputable companies.
PRE-REQUISITES
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IOU up to 25% of monthly salary
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Evidence of payment e.g payslip
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Facility to be cleaned up by month.
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The facility can only be accessed by the middle of the month
CAPSTONE TEMPORARY OVERDRAFT
Designed to serve the working capital needs of customers for a period of one month
PRE-REQUISITES
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Existing account must run for three (3) months
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Flexible interest rate
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Requires turnover clauses
CAPSTONE TRANSPORTATION SUPPORT SCHEME
The loan is to support transportation assets like cars, tricycles and motorcycles. It is open to individuals and groups.
PRE-REQUISITES
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Equity contribution of 30%
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To be purchased in the name of CMFB from reputable dealers with a warranty
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Comprehensive insurance cover with CMFB noted as first lost payee
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Maximum tenor of 12months
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Flexible repayment arrangement
CAPSTONE MICRO HOUSING SCHEME
Designed for low-income earners and first-time homeowners who want to own their personal affordable home; extend their already existing home or renovate existing home.
PRE-REQUISITES
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Provide a property or landed documents
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Loan period of 365 days
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Flexible repayment arrangement
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Comprehensive Insurance
