Asset Finance: Kyte Spark

Kyte Spark

Kyte Spark empowers individuals and businesses to acquire essential power generation and distribution equipment without compromising their financial stability. Our Power Generation and Transmission Equipment Financing solutions offer loans that cover a wide range of equipment, including backup generators, solar panels, transformers, and switchgear.

With Kyte Spark, you can secure the necessary funds to ensure a reliable power supply. Say goodbye to financial constraints and embrace the potential of Kyte Spark’s electricity equipment financing options.

Requirements

For Salary Backed Individuals

● Valid Means of Identification
● Completed loan application form
● Availability of at least 2 guarantors
● DSR within 33.3%
● Concurrence of employer’s HR for salary-backed loans
● Evidence of 30% down payment
● Resident in Lagos
● Payment of non-refundable registration fee (N1,000)
● Proforma invoice from a vendor
● Duly executed terms and conditions agreement

For Self-Employed Individuals

● Valid Means of Identification
● Completed loan application form
● Availability of at least 2 guarantors
● DSR within 33.3%
● Evidence of 30% down payment
● Business registered in Lagos
● Duly executed terms and conditions agreement
● Duly signed valid post-dated cheques/standing order
● Request letter (In the company’s letter)
● Payment of non-refundable registration fee (N5,000)
● Incorporation documents
● 1-year audited financial statement.
● 12 months bank statement

For Businesses

● Valid Means of Identification
● Completed loan application form
● Availability of at least 2 guarantors (Director, Top management staff)
● DSR within 33.3%
● Evidence of 30% down payment
● Business registered in Lagos
● Request letter (In the company’s letter)
● Duly signed valid post-dated cheques/standing order
● Duly executed terms and conditions agreement
● Incorporation documents
● Payment of non-refundable registration fee (N5,000)
● 3 years of audited financial statement
● 12 months bank statement.

Frequently Asked Questions

How long does it take to get approved for a consumer loan?

Of course, you can! We support making a strong bond with your loved ones even if you are staying away from them. Any type of food from your home is allowed.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

What happens if I miss a payment on my consumer loan?

Of course, you can! We support making a strong bond with your loved ones even if you are staying away from them. Any type of food from your home is allowed.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Can I pay off my consumer loan early?

Of course, you can! We support making a strong bond with your loved ones even if you are staying away from them. Any type of food from your home is allowed.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

What happens if I can't repay my consumer loan?
Of course, you can! We support making a strong bond with your loved ones even if you are staying away from them. Any type of food from your home is allowed.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Can I apply for a consumer loan while being a guarantor for an existing facility?
Of course, you can! We support making a strong bond with your loved ones even if you are staying away from them. Any type of food from your home is allowed.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Requirements

For Salary Backed Individuals

● Valid Means of Identification
● Completed loan application form
● Availability of at least 2 guarantors
● DSR within 33.3%
● Concurrence of employer’s HR for salary-backed loans
● Evidence of 30% down payment
● Resident in Lagos
● Payment of non-refundable registration fee (N1,000)
● Proforma invoice from a vendor
● Duly executed terms and conditions agreement

For Self-Employed Individuals

● Valid Means of Identification
● Completed loan application form
● Availability of at least 2 guarantors
● DSR within 33.3%
● Evidence of 30% down payment
● Business registered in Lagos
● Duly executed terms and conditions agreement
● Duly signed valid post-dated cheques/standing order
● Request letter (In the company’s letter)
● Payment of non-refundable registration fee (N5,000)
● Incorporation documents
● 1-year audited financial statement.
● 12 months bank statement

For Businesses

● Valid Means of Identification
● Completed loan application form
● Availability of at least 2 guarantors (Director, Top management staff)
● DSR within 33.3%
● Evidence of 30% down payment
● Business registered in Lagos
● Request letter (In the company’s letter)
● Duly signed valid post-dated cheques/standing order
● Duly executed terms and conditions agreement
● Incorporation documents
● Payment of non-refundable registration fee (N5,000)
● 3 years of audited financial statement
● 12 months bank statement.

Requirements

For Salary Backed Individuals

● Valid Means of Identification
● Completed loan application form
● Availability of at least 2 guarantors
● DSR within 33.3%
● Concurrence of employer’s HR for salary-backed loans
● Evidence of 30% down payment
● Resident in Lagos
● Payment of non-refundable registration fee (N1,000)
● Proforma invoice from a vendor
● Duly executed terms and conditions agreement

For Self-Employed Individuals

● Valid Means of Identification
● Completed loan application form
● Availability of at least 2 guarantors
● DSR within 33.3%
● Evidence of 30% down payment
● Business registered in Lagos
● Duly executed terms and conditions agreement
● Duly signed valid post-dated cheques/standing order
● Request letter (In the company’s letter)
● Payment of non-refundable registration fee (N5,000)
● Incorporation documents
● 1-year audited financial statement.
● 12 months bank statement

For Businesses

● Valid Means of Identification
● Completed loan application form
● Availability of at least 2 guarantors (Director, Top management staff)
● DSR within 33.3%
● Evidence of 30% down payment
● Business registered in Lagos
● Request letter (In the company’s letter)
● Duly signed valid post-dated cheques/standing order
● Duly executed terms and conditions agreement
● Incorporation documents
● Payment of non-refundable registration fee (N5,000)
● 3 years of audited financial statement
● 12 months bank statement.

Requirements

For Businesses

● Valid Means of Identification
● Completed loan application form
● Availability of at least 2 guarantors (Director, Top management staff)
● DSR within 33.3%
● Evidence of 30% down payment
● Business registered in Lagos
● Request letter (In the company’s letter)
● Duly signed valid post-dated cheques/standing order
● Duly executed terms and conditions agreement
● Incorporation documents
● Payment of non-refundable registration fee (N5,000)
● 3 years of audited financial statement
● 12 months bank statement.

Requirements

For Structured SMEs

● Valid Means of Identification
● Duly signed valid Post-dated Cheques / Standing Orders
● 12 months business account bank statement
● Availability of at least 2 guarantors
● Business registered in Lagos
● Completed loan application form
● Provision of acceptable collateral
● Payment of non-refundable registration fee
● Provision of a 3-year audited financial statement
● Duly executed Credit Contract
● Incorporation Documents

For Self-Employed Individuals

● Valid Means of Identification
● Duly signed valid post-dated Cheques/Standing Orders
● 12 months bank statement – business account
● Availability of at least 2 guarantors
● Business registered in Lagos
● Completed loan application form
● Provision of acceptable collateral
● Payment of non-refundable registration fee
● Provision of 1-year audited financial statement.
● Duly executed Credit Contract
● Provision of Incorporation Document

Requirements

For Individuals

● Valid Means of Identification
● Salary paid for the last 3 months
● DSR within 33.3%
● Availability of at least 2 guarantors
● Concurrence of employer’s HR
● Completed loan application form
● Resident in Lagos
● Payment of non-refundable registration fee
● Provision of collateral for loans without HR’s concurrence
● Duly filled credit contract (For loans not backed by HR’s conjunction)