
Unlocking Financial Flexibility: VBank and Anchoria's Innovative Approach
Money can be tight, especially for young entrepreneurs and investors who have their cash tied up in assets. Raising quick liquidity often means selling off valuable assets, which can be frustrating. Thanks to VBank and Anchoria Securities Limited, there's a new solution that makes borrowing easier without the need to sell your shares. This new financial product, called the Shares-Backed Loan, allows users to borrow money using their shares as collateral.
A Game-Changer for Investors
The Shares-Backed Loan is designed specifically for clients holding Tier 1 shares on the Nigerian Exchange Group. Individuals can borrow up to ₦60 million, while corporations can access funds totaling ₦300 million. This flexibility offers significant financial benefits to those in urgent need, sparing them the heartache of selling shares at a loss, especially when markets are down.
Structured for Speed and Security
In a digital world where time equals money, the Shares-Backed Loan stands out. With a straightforward process, clients can expect funds to be disbursed rapidly, directly into their VBank wallets. This structure is supported by solid risk management practices, including margin calls and a smart stop-loss trigger set at 140% to safeguard both the bank and its customers.
Investor-Friendly Terms
The loan comes with competitive terms, featuring a 30% annual interest rate and a modest 1% processing fee. Moreover, borrowers can utilize cash dividends to cover their interest, making it easier to manage repayments. The combination of ease and affordability makes this product appealing, particularly for startups seeking quick cash flow without the hassle of conventional loans.
The Future of Financial Services in Africa
As the fintech industry continues to grow, innovative solutions like the Shares-Backed Loan pave the way for a more flexible future. By leveraging technology to simplify banking processes, VBank and Anchoria are not just meeting the current needs of their clients; they are redefining how banking operates in Africa. This initiative exemplifies the exciting trends shaping fintech across the continent, including the rise of digital payments and automation.
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