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Diamond Bank loan interest rate and requirements

Diamond Bank loan interest rate and requirements

Here we have important information for all who need some extra money. In this post, we want to tell you about Diamond Bank loan services, features, requirements, and interests rates. Read on to know all the important points.

Diamond Bank loan interest rate and requirements

Photo: diamondbank.com

Current Diamond bank loan services

Diamond Bank Plc is known as an international provider of financial services. The headquarter of the bank is situated in Lagos. The bank has a big experience in providing loans, and here we have the list of loan services.

Personal loan

Anytime you need some extra money a personal loan is a great idea. Vacations, holidays, shopping expenses or medical bills all these are examples of reasons for such a loan.

Features and requirements:

  • Repayment period for this type of loan is up to 12 months
  • Available amount is from N5,000,000 to N10,000,000

Diamond Bank loan requirements:

  • Functional Salary or Business account with Diamond Bank
Diamond Bank loan interest rate and requirements

Photo: diamondbank.com

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  • Last Promotion Letter or Confirmation Letter
  • Application form of Completed Retail Lending
  • Employment letter
  • Means of Identification
  • Staff ID Card
  • Address proof
  • Other KYC documents

Auto Loan

This type of loan allows you to buy your own car.

Features and requirements:

  • Repayment Period for this type of loan is up to 48 months
  • Minimum amount is N1,000,000, maximum is N20,000,000
  • Minimum equity contribution is 30% of vehicle cost.
Diamond Bank loan interest rate and requirements

Photo: diamondbank.com

Added Benefits: The bank is in the partnership with major auto dealers of the country, so a customer has a wide range of cars to choose from.

Requirements:

  • Functional Salary or Business account with Diamond Bank
  • Retail Lending Application Form
  • Address proof
  • Employment letter
  • Valid means of Identification
  • Business owners should provide a certificate of registration
  • Confirmation Letter and/or last Promotion Letter

Mortgage Loan

Diamond Mortgage can help you to realize your dream. The bank developed a special, convenient program that allows everyone to move in his or her own home.

Mortgage loan program of the bank include:

  • Home Purchase: a program for purchasing new houses
  • Off-Plan Mortgage: this program allows customers to buy houses build by bank’s accredited property developers.
Diamond Bank loan interest rate and requirements

Photo: diamondbank.com

  • The program provides easy loans for financing your personal or business needs.

Features and requirements:

  • Repayment Period of this type of loan is up to 10 years
  • Loan Amount: Minimum Amount: N3,000,000, Maximum Amount: N250,000,000
  • Minimum Equity Contribution: 50% of asset cost
  • The bank works with major developers nationwide.

Requirements:

  • Completed Retail Lending Application Form
  • Proof of address
  • Valid Identification means
  • Last Promotion Letter and Confirmation Letter
  • Employment letter
  • Tax clearance certificate
  • Staff ID Card.
  • Valuation Report
  • Business owners should provide a certificate of registration
  • Registered title document in sellers name (copy)

PayDay Loan

The program allows you to get funds in the case of any emergencies. The program is quickly accessible.

Diamond Bank loan interest rate and requirements

Photo: diamondbank.com

READ ALSO: I forgot my Diamond bank account number: What to do?

Features:

  • Repayment Period for this type of loan is up to 30 days
  • Maximum Tenure: 12 months
  • Minimum Amount is N100,000
  • Obligor Limit is 50% of obligor's net monthly income

Requirements:

  • Salary domiciliation with Diamond Bank for a minimum of 3 Months
  • Last Promotion Letter or Confirmation Letter
  • Employment letter
  • Filled Retail Lending Application Form

Asset Lease loan

It is a good way to to make your home a better place. The loan helps you to get needed household items. With this program, one can also buy modern smartphone.

Features:

  • Repayment Period of this loan type 3 Months - 24 Months
  • Maximum Amount: N5,000,000
  • Minimum Equity Contribution: 30% of asset cost
Diamond Bank loan interest rate and requirements

Photo: diamondbank.com

The bank is a partner of major vendors nationwide.

Requirements:

  • Functional Salary or Business account with Diamond Bank
  • Means of Identification
  • Address proof
  • Filled Retail Lending Application Form
  • Employment letter
  • Business owners should provide the certificate of registration
  • Last Promotion Letter or Confirmation Letter

School Fees Loan

The program allows you to help your kids in obtaining the best education. It is a great way to pay the tuition fees for your child.

Features:

  • Repayment period for this loan type is 11 months
  • Minimum Amount: N200,000, Maximum Amount: N2,000,000
  • Minimum Equity Contribution is 30% of school fees amount
Diamond Bank loan interest rate and requirements

Photo: diamondbank.com

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Requirements:

  • School fees bill on the name of Child.
  • Copy of last promotion or confirmation letter letter
  • Completed Retail Lending Application Form
  • Valid Staff ID copy
  • An active salary account,
  • Valid ID card copy

Visit loans page at official website http://www.diamondbank.com/personal/loans/ to find Diamond Bank loan application form.

Diamond Bank loan interest rate

Here we have official data of return on interest rates for this year:

  • Demand Deposit – 0.45%
  • Savings Deposit – 4.20%
  • Time Deposit – 10.05%
  • Agriculture, Forestry & Fishing – 15.00%
Diamond Bank loan interest rate and requirements

Photo: diamondbank.com

  • Manufacturing – 20%
  • Real Estate Activities – 20%
  • General Comm – 20%
  • Transportation & Storage – 20%
  • Fin & Ins – 20%
  • Construction – 20%
  • Information & Communication- 15%
  • Administrative and Support Service Activities – 20%
  • Education – 20%
  • Professional, Scientific and Technical Activities – 20%
  • Human Health and Social Work Activities – 20%
  • Arts, Entertainment and Recreation – 20%
  • Power and Energy – 17%
  • Oil and Gas – 30%

It is easy to make a Diamond Bank loan request on the official website. Just decide the type of the loan you need and fill the form. Thousands of Nigerians apply for loan from Diamond Bank, it is safe and convenient.

READ ALSO: How to transfer money from Diamond bank to other banks?

Source: Looking for a great loan rate?

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