Can I Re-finance an asset?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.Can I schedule a meeting with your team?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.Do I need collateral to access financing?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.Do you accept shares as collateral for loan?Yes, We accept shares as collateral for loan.Do you offer customized financial solutions?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.Do you offer virtual consultations?Yes. Consultations can be conducted virtually or in person, depending on your preference.How is premium financing different from bank financing?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.How long does it take to process a loan or lease application?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.Is Bancorp Finance Limited regulated?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.Is it not premium financing only for facility and hard-to-market clients?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.What are the advantages of using Bancorp Finance for Finance Leasing?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).What are the loan requirements for Corporate Entities?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)