FAQ

FAQ

You can learn more from our Frequently Asked Questions

Eligibility

Anyone who has a definite means of income and feasible capacity for repayment based on the terms and structure agreed upon.

Yes. As long as you can provide a letter of non- indebtedness from the other financial institutions.

Collateral such as Vehicle, landed properties, business, etc

1. You need a Guarantor that can vouch for your credibility.
2. You need a Guarantor that will be willing and able to fulfil the repayment obligation in the event that you are unable to do so.
3. You need a Guarantor that can serve as a witness to the transaction with our company.

These are the basic requirements for a Private Client:
1. At least 6 Months Updated Bank Statement/ Current Pension Value
2. Guarantor
3. Cheque Leaves
4. Recent Utility Bill (Applicant and Guarantor)
5. Recent Passport Photograph (Applicant and Guarantor)
6. Work ID/Valid ID (Applicant and Guarantor)
7. Facility Fee (Depending on the amount applied for)
Other requirements may be required as they differ from Client to Client.

These are the basic requirements for a Business Client:
1. At least 6 Months Updated Bank Statement
2. Guarantor
3. Cheque Leaves
4. Relative Collateral (Depending on the amount applied for)
5. Facility Fee (Depending on the amount applied for)
Other requirements may be required as they differ from Client to Client.

These are the basic requirements for a Civil Servant:
1. At least 6 Months Updated Bank Statement/ Current Pension Value
2. Guarantor
3. Cheque Leaves
4. Recent Utility Bill (Applicant and Guarantor)
5. Recent Passport Photograph (Applicant and Guarantor)
6. Work ID/Valid ID (Applicant and Guarantor)
7. Facility Fee (Depending on the amount applied for)
Other requirements may be required as they differ from Client to Client.

Process

Minimum of 24 hours after all necessary documentation and verification have been achieved.

You will get a notification via call/SMS/mail of approval and awaiting disbursement.

Repayments

Not necessarily. Your repayment is structured based on your convenience. So your remittance is dependent upon your choice of repayment structure and as endorsed by NOMISMA OLIVE.

There is a clause that covers this in the Loan Contract signed.