Help & Faqs

Access helpful information and answers to frequently asked questions about Bancorp Finance

FAQs

  • Here an asset is to be refinanced and the tenor should not be more than eighteen (18) months. Inspection of the asset and change of ownership into the name of Bancorp Finance Limited will be arranged once the request is approved.
  • Yes, you can conveniently book a meeting with our team online. Simply visit the scheduling page and choose a suitable date and time: https://asasolutionsltd.com/cbgroup/schedule-a-meeting/. A representative will be assigned to assist you based on your area of interest.
  • Some of our products require collateral or asset backing, such as finance leases, share-backed loans, or fixed deposit-backed borrowing. However, certain working capital and payroll-based facilities may have alternative eligibility structures depending on risk assessment.
  • Yes, We accept shares as collateral for loan.
  • Yes, we provide tailored financial solutions designed to meet the unique needs of each client. Whether you are an individual, SME, or large organization, our team works closely with you to understand your objectives and deliver strategies aligned with your financial goals.
  • Yes. Consultations can be conducted virtually or in person, depending on your preference.
  • Unlike banks, we do not require that you have a certain percentage of the premiums that you finance on deposit as "collateral". Financing premiums through BFL does not affect any existing bank credit arrangements. Our rates, which are comparable to rates in the short-term market, are competitive. The most important cost consideration is how much return your company can make with the additional working capital.
  • Application processing times typically range between 12 to 48 hours, depending on the completeness of submitted documentation and the type of financing requested. Our goal is to ensure fast, efficient, and transparent service delivery.
  • Yes. Bancorp Finance Limited is a Central Bank of Nigeria (CBN) licensed finance company operating under applicable financial regulations and compliance standards to ensure transparency, security, and responsible lending practices.
  • No! While we adopt a flexible approach to financing of hard-to-market clients, we finance all kinds of premium including hotel, real estate developers, neighborhood stores, trucking.
  • The advantages of using Bancorp Finance are numerous, viz: • Lower initial expenses which preserves working capital for your business. • Highly competitive rates. • Flexible terms. • Easier to upgrade equipment to keep up to date with technology. • Wider range of leasable assets. • An association of dependable partnering vendors offering guarantee and after sales services. • Structured payments to suit clients’ cash flow; and • Ownership of the asset(s) will be transferred to the client at the end of the lease period(for a Finance Lease).
  • The following are required for Corporate Entities: 1. Application Letter 2. Copy of Certificate of Incorporation of the Company – bring original for sighting 3. Copy of Memo & Articles of Association – bring original for sighting 4. Company Profile 5. Form CO7 and CO2 6. Audited Accounts for the last three years 7. Bank Statements for the last six months 8. Projected Cash Flow for the next twelve months 9. Name of a Guarantor 10. Passport Size Photograph of the Guarantor 11. ID card (International Passport, Drivers Licence or National Id Card) of the Guarantor 12. A copy of Utility Bill ( PHCN, Water bills)

Supporting Businesses Across Diverse Sectors

From infrastructure-driven sectors to service-based industries, we deliver flexible and structured financing solutions that empower businesses to operate efficiently, expand capacity, and achieve long-term financial stability.

Our Location

Our Headquarter is located at Bancorp House, 9 Wesley Street, Off Joseph Harden, Lagos Island, Lagos.

Finance Estimator

Get instant repayment and cost estimates to help you plan better, and make smarter financial decisions with confidence.

Schedule a Meeting

Book a personalized consultation with one of our experts to discuss your goals and how we can support you.

Connect with us

Have questions or need expert support? Reach out to our team on +234 (0) 811 891 7700, +234 (0) 811 891 7701