2nd Floor, 495 Ikorodu Road, Ketu, Lagos State, Nigeria. | Mon – Sat: 8:00am – 5:00pm. | +234 803 679 8084 | Service Portal

Business Support

Group

Checklist Of Requirements By Applicants And Their Guarantors

Important Notes:

  • Please take note that meeting the requirements listed below or furnishing the required documents or security is not a guarantee that our Company will grant you the financial support.
  • The absolute discretion lies with the Management to grant, refuse, modify or reduce the amount asked for.
  • Our Company also reserves the rights to delete, change, modify or review any of the requirements listed here without any prior notice.
  • You are advised to further read our Terms and Conditions before making an application.

  • N50,000 & BELOW
    Customer’s Requirements

  • Application Form
  • 1 Passport Photo
  • House Utility Bill – PHCN or LAWMA or Water Corporation
  • 1 Guarantor

  • House Identification

  • Guarantor’s Requirements:

  • Guarantor’s Form
  • 1 Passport Photo
  • ID Card - Personal Or Business
  • House Utility Bills – PHCN/LAWMA/Water Corporation

  • Between N60,000 TO N90,000
    Customer’s Requirements

  • Application Form
  • 1 Passport Photo
  • 1 Guarantor
  • ID Card - Personal Or Business
  • House Utility Bills – PHCN/LAWMA/Water Corporation
  • Receipt Of House
  • Confirmation Of House Address
  • Agreement Of Transfer Of Ownership Of All The Goods And Merchandise In Shop And/or All Equipment or articles of trade or Business & Consent to Enter and Remove them

  • Guarantor’s Requirements:

  • Guarantor Form
  • 1 Passport photo
  • ID card - personal or business
  • Utility bills – PHCN, LAWMA, Water Corporation

  • Between N100,000 TO N150,000
    Customer’s Requirements

  • Application Form
  • 1 Passport Photo
  • 1 Guarantor
  • ID Card - Personal Or Business, Or Lagos Resident Permit Number
  • House Utility Bills – PHCN, LAWMA, Water Corporation
  • Receipt Of House Rent
  • Receipt Of Shop Rent
  • Confirmation Of House Address
  • Agreement Of Transfer Of Ownership Of All The Goods And Merchandise In Shop And/or All Equipment or articles of trade or Business & Consent to Enter and Remove them

  • Guarantor’s Requirements:

  • Guarantor Form
  • 1 Passport Photo
  • Govt.-Issued ID Card – Driver’s License, International Passport, Permanent Voter’s Card, National ID Card. (Affidavit Duly Sworn In Court May Be Accepted In Lieu)
  • House Utility Bills – PHCN, LAWMA, Water Corporation
  • Receipt Of House Rent
  • Confirmation of House Address

  • Collateral security

  • Between N170,000 To N250,000
    Customer’s Requirements

  • Application Form
  • 2 Passport Photos
  • Govt. ID Card – Driver’s License, International Passport, Permanent Voter’s Card, National ID Card Or Affidavit In The Absence Of Govt.-issued ID Card.
  • House Utility Bills – PHCN, LAWMA, Water Corporation.
  • Receipt Of House Rent
  • Receipt Of Shop Rent
  • Two (2) Guarantors, One Of Whom Must Be The Spouse Of The Applicant, Or Family Member If Unmarried.
  • Confirmation Of House Address And Snapshot
  • Physical Inspection Of Shop Address And Snapshot
  • Agreement Of Transfer Of Ownership Of All The Goods And Merchandise In Shop And/or All Equipment or articles of trade or Business & Consent to Enter and Remove them

  • Requirements For Guarantor (1):

  • Application Form
  • 2 Passport Photos
  • Must Be Spouse Or Family Member Of The Customer
  • Govt. ID Card – Driver’s License, International Passport, Permanent Voter’s Card, National ID Card Or Affidavit In The Absence Of ID Card.
  • House Utility Bills – PHCN, LAWMA, Water Corporation
  • Receipt Of House Rent
  • Confirmation Of House Address.
  • Collateral Security Must be provided. Collateral Security Could Be One Of The Following:

    o Household Properties - Agreement of transfer of ownership of all household equipment and letter of consent to pack them when ready . Equipment to be listed by name, model and value. If the Guarantor is a married woman, there must be also a letter of consent by husband that the household properties be used as collateral security and consent that it should be packed if the Customer defaults.
    o Goods And Merchandise In The Shop - Agreement Of Sale and transfer of ownership of all the goods and merchandise in shop and letter of consent to pack them when ready . Goods to be listed by name, model and value in schedule.
    o Business Equipments - Agreement of transfer of ownership of all business equipment and letter of consent to pack them when ready. Equipment to be listed by name, model and value.
    o Original Land Documents – This must include the original purchase receipt, survey plan, land agreement, etc. there must be an Agreement of transfer & postdated sales Agreement to BSG Multistram Ltd. Physical land inspection of the landed property must be carried out.
    o Motor Vehicles - Original vehicle particulars must be deposited with postdated sales agreement, transfer of ownership and submission of one spare key must be deposited with BSG. Vehicle Particulars must not expire before period of loan.
    o Original Share Certificate – must be registered and certified with CSCS before they are collected from the customer for deposit.
    o Original Jewelries - like gold, diamond and silver jewelries, which must be jointly tested and assessed by both parties with the dealers, and their monetary valued ascertained before they are accepted for deposit with us. Photographs of the Jewelries will also be submitted by customer for record purposes.

  • If the security are household Assets, there must be Agreement Of Consent To Right Of Entry & Spousal Consent.

  • Requirements For Guarantor (2):

  • Guarantor Form
  • 1 Passport Photo
  • Identity Card – Personal Or Business
  • Physical Inspection Of Home Address And Snapshot

  • Between N300,000 to N500,000
    Customer’s Requirements

  • 1 Passport photo
  • Govt. ID card – Driver’s License, International Passport, Permanent Voter’s Card, national ID Card. (Affidavit duly sworn in court may be accepted in lieu)
  • Utility bills – PHCN, LAWMA, Water Corporation
  • Receipt of house rent
  • Receipt of shop rent
  • 2 Guarantors
  • Original land documents with Agreement of transfer
    Original vehicle particulars with transfer of ownership and spare key Particulars must not expire before period of loan Agreement of transfer of ownership of all household equipment and receipts of purchase or affidavit stating model and marketer of consent to the transfer by spouse. Agreed that company can come upon default to pack the equipment.
    Agreement of transfer of ownership of all business equipment and letter of consent to pack them when ready . Equipment to be listed by name, model and value.
  • Agreement Of transfer of ownership of all the goods and merchandise in shop and
  • Letter of consent to pack them in lieu.
  • Letter of consent by spouse and as guarantor.
  • Physical inspection of home address and snapshot
  • Physical inspection of shop address and snapshot
  • Any other requirements stipulated by Management

  • Guarantor’s Requirements:

  • 1 Passport photo 1
  • Government Issued ID card - personal or business
  • Utility bills – PHCN, LAWMA, Water Corporation
  • Receipt of house rent
  • Receipt of shop rent
  • Original land documents with Agreement of transfer
  • Original vehicle particulars with transfer of ownership and spare key Particulars must not expire before period of loan
  • Agreement of transfer of ownership of all household equipment and receipts of purchase or affidavit stating model and marketer of consent to the transfer by spouse.
    Agreed that company can come upon default to pack the equipment.
  • Agreement of transfer of ownership of all business equipment and letter of consent to pack them when ready . Equipment to be listed by name, model and value.
  • Agreement Of transfer of ownership of all the goods and merchandise in shop and
  • Letter of consent to pack them in lieu.
  • Letter of consent by spouse and as guarantor.
  • Physical inspection of home address and snapshot
  • Physical inspection of shop address and snapshot
  • One postdated cheque in favour of BSG Multistream Ltd. No date and amount to be specified
  • Any other requirement

  • Between N550,000 to N900,000
    Customer’s Requirements

  • 1 Passport photo
  • Govt. ID card – Driver’s License, International Passport, Permanent Voter’s Card, national ID Card. (Affidavit duly sworn in court may be accepted in lieu)
  • Utility bills – PHCN, LAWMA, Water Corporation
  • Receipt of house rent
  • Receipt of shop rent
  • 2 Guarantors
  • Original land documents with Agreement of transfer
  • Original vehicle particulars with transfer of ownership and spare key Particulars must not expire before period of loan Agreement of transfer of ownership of all household equipment and receipts of purchase or affidavit stating model and marketer of consent to the transfer by spouse.
    Agreed that company can come upon default to pack the equipment.
  • Agreement of transfer of ownership of all business equipment and letter of consent to pack them when ready . Equipment to be listed by name, model and value.
  • Agreement Of transfer of ownership of all the goods and merchandise in shop and
  • Letter of consent to pack them in lieu.
  • Letter of consent by spouse and as guarantor.
  • Physical inspection of home address and snapshot
  • Physical inspection of shop address and snapshot

  • Guarantor’s Requirements:

  • 1 Passport photo 1
  • Government Issued ID card - personal or business
  • Utility bills – PHCN, LAWMA, Water Corporation
  • Receipt of house rent
  • Receipt of shop rent
  • 1 Blank postdated cheque leaflet which must be submitted by Borrowers spouse or family member
  • Original land documents with Agreement of transfer
  • Original vehicle particulars with transfer of ownership and spare key Particulars must not expire before period of loan
  • Agreement of transfer of ownership of all household equipment and receipts of purchase or affidavit stating model and marketer of consent to the transfer by spouse. Agreed that company can come upon default to pack the equipment.
  • Agreement of transfer of ownership of all business equipment and letter of consent to pack them when ready . Equipment to be listed by name, model and value.
  • Agreement Of transfer of ownership of all the goods and merchandise in shop and
  • Letter of consent to pack them in lieu.
  • Letter of consent by spouse and as guarantor.
  • Physical inspection of home address and snapshot
  • Physical inspection of shop address and snapshot
  • Any other requirements

  • Between N1,000,000 and above
    Customer’s Requirements

  • 1 Passport photo
  • Govt. ID card – Driver’s License, International Passport, Permanent Voter’s Card, national ID Card.
  • Utility bills – PHCN, LAWMA, Water Corporation
  • Receipt of house rent
  • Receipt of shop rent
  • 2 Guarantors, one of whom must be a family member or spouse
  • Agreement of transfer of ownership of all household equipment and receipts of purchase or affidavit stating model and make
  • Letter of consent to the transfer by spouse. Agreed that company can come upon default to pack the equipment.
  • Agreement of transfer of ownership of all business equipment and letter of consent to pack them when ready . Equipment to be listed by name, model and value
  • Agreement Of transfer of ownership of all the goods and merchandise in shop and letter of consent to pack them in lieu.
  • Letter of consent by spouse and as guarantor.
  • Physical inspection of home address and snapshot
  • Physical inspection of shop address and snapshot
  • Bank statement of at least 3 months prior. What we are interested in is not the account balance but transaction records or Endorsement by market leader
  • Original land documents with Agreement of transfer or Original vehicle particulars with transfer of ownership and spare key (Particulars must not expire before period of loan)

  • Guarantor’s Requirements:

  • 1 Passport photo
  • Government Issued ID card - personal or business
  • Utility bills – PHCN, LAWMA, Water Corporation
  • Receipt of house rent
  • Receipt of shop rent
  • 2 Blank postdated cheque leaflets which must be submitted by Borrowers spouse or family member
  • One of the following:
    1. Share certificates verified with CSCS
    2. C of O verified at Lands to be authentic and unencumbered
    3. Original land documents with Agreement of transfer
    4. Original vehicle particulars with transfer of ownership and spare key Particulars must not expire before period of loan

  • Agreement of transfer of ownership of all household equipment and receipts of purchase or affidavit stating model and marketer of consent to the transfer by spouse. Agreed that company can come upon default to pack the equipment.
  • Agreement of transfer of ownership of all business equipment and letter of consent to pack them when ready . Equipment to be listed by name, model and value.
  • Agreement Of transfer of ownership of all the goods and merchandise in shop and
  • letter of consent to pack them in lieu.
  • Letter of consent by spouse and as guarantor.
  • Physical inspection of home address and snapshot
  • Physical inspection of shop address and snapshot
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    Call us: +234 - 803 - 679 - 8084