Consumer Finance

Keystone Bank Consumer Finance provides loans to consumers with stable and sustainable income for the acquisition of various assets for personal use.
These assets include the following:  

• Blue chip stocks
• Household items eg Fridges, Gas Cookers, Air Conditioners etc
• Motor Vehicles, Generators etc

Consumer Finance Products available fall under two Categories:

Asset backed facilities

• Keystone Easy Life Scheme
• Shares Acquisition Scheme

Non Asset backed facility

• Keystone Salad (Salary Advance Lending)

Who Is Eligible?

Non Asset backed facility (SALAD)

• Individuals whose salary accounts are domiciled with Keystone Bank.
• Individuals whose salary accounts we are able to win to Keystone Bank.

These individuals will be eligible after the payment of two monthly salaries to the Bank.

Asset backed facilities

• Individuals whose salary accounts are domiciled with Keystone Bank
• Individuals whose salary accounts are not domiciled with Keystone Bank but are willing to transfer their salary accounts to us.
• Self-employed professionals/Business owners.
• Regular income earners

Keystone Bank Easy Life Scheme: Important Features

• Maximum amount to be financed is 80% of the cost of the asset, applicant to provide 20% equity contribution.
• Tenor of 6-48 months proposed depending on the asset type.
• Legal Ownership of asset will reside with the bank until the facility is liquidated.
• Monthly repayment not exceeding 66% of net monthly salary or within 10% of monthly credit turnover for self employed professionals/business owners which should be average of N1m.
• Asset to be insured by the customer through a reputable Insurance company and the bank noted as first loss payee.

Shares Acquisition Scheme: Important Features

• Maximum amount to be financed is 80% of the cost of the asset, applicant to provide 20% equity Cash contribution.
• 100% financing if customer provides blue chip stocks worth 40% in lieu of cash contribution.
• Tenor of 24 months proposed.
• The shares to be purchased will serve as collateral to the bank.
• Acquisition will be through Platinum Capital – our designated stock broker.

Keystone Salad (Salary Advance)

The product offers credit facilities to salary earners in the form of a bridging finance to meet personal soft needs. It comes in 4 variants:

• Variant 1: Up to 50% of the net monthly salary of the customer over a period of 30 days.
• Variant 2: Up to 95% of the net monthly salary of the customer over a period of 90 days.
• Variant 3: Up to 250% of the net monthly salary of the customer over a period of 180 days.
• Variant 4 : Up to 35% of the net annual salary of the customer over a period of 365 days.
   

The Corporate Finance Desk can be reached at;

Keystone Bank
1 Keystone Bank Crescent, Victoria Island, Lagos
Tel: 01-448 5742
Email: contactcentre@keystonebankng.com