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Nairaland Forum / Nairaland / General / Business / CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers (36496 Views)
12 Banks To Pay N499b CBN Fine For Loan Policy Breach / American ATM Dispenses 100$ To Customers Instead Of 20$ / MTN Nigeria Signs N200bn Loan Agreement With 12 Banks (2) (3) (4)
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Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by franugo(m): 1:13am On Oct 04, 2019 |
geesilver: Depends on the amount you asked for....zenith actually has loan for almost all customers now 4 Likes 1 Share |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Nobody: 1:14am On Oct 04, 2019 |
Adam09: It is your duty as a banker or account officer to know the state of business of your customer. There are customers who need this money and can pay back. Many other customers are just hungry people with broken businesses waiting for a lifeline, which they may refuse to pay back. 3 Likes |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by ASHLAND(m): 1:27am On Oct 04, 2019 |
I am sure there are three reliable registered credit bureau agency in Nigeria according to information I have from a reputable source; that would help the banks (advantage of BVN). In addition, annual income tax of the applicant that the bank will have to verify from government will be very helpful. Agugbadin: 1 Like |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by AbuMaryam1(m): 1:30am On Oct 04, 2019 |
businessnow: Please tell them more, I'm beneficiary to quick credit. With cooperate account 5m in a minute 3 Likes |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by damola1: 1:44am On Oct 04, 2019 |
AbuMaryam1: Not all accounts o |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by bamasite(m): 1:44am On Oct 04, 2019 |
Trouble! |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Nobody: 2:05am On Oct 04, 2019 |
Commentor: I think you, and the people who pay you to keep replaying this nonsense, are the cretins. You will reap this nonsense in your life! 1 Like |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by budaatum: 2:12am On Oct 04, 2019 |
businessnow:1.75% a day? It sounds very tiny? 1 Like 1 Share |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by PureMind2: 2:28am On Oct 04, 2019 |
That stupid zenith bank denied me loan to start up my biz good for you 1 Like |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by ASHLAND(m): 2:30am On Oct 04, 2019 |
https://www.proshareng.com/news/Credit%20Services%20&%20Registry/All-You-Need-To-Know-About-Credit-Bureaus-in-Nigeria-/38833 |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by 9jaRealist: 2:30am On Oct 04, 2019 |
GloShare: Stingy? I hope you know that Banks' lend out OTHER PEOPLE's (primarily Depositors’) funds... In Nigeria, where you cannot track credit histories and many people don't repay even money borrowed from friends. Meanwhile, in many advanced economies... Startups do NOT get their working/debt capital from banks, but from private equity funds and venture capitalists. > 4 Likes |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by budaatum: 2:33am On Oct 04, 2019 |
ASHLAND:We need a customer centred app for this so can take it to the bank and say, "See! I am creditworthy!" |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by timocruzcmbb(m): 2:34am On Oct 04, 2019 |
MOSt is this banks are useless all they know how to do it to remove sms alart,atm mentainace this and that,I was once stock to clear my goods and I went to my bank for loan,I was denied,if not for Steling bank my brother I could have lose the goods.they should fine zenith bank 1bn,they are very useless in giving baby out loans to small scale industries. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by BabaIbo: 2:42am On Oct 04, 2019 |
[quote author=omonla10 post=82817925][/quote] That's why America is sometimes called God's own country |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by CrazyMan(m): 3:52am On Oct 04, 2019 |
liohan:The problem of most banks isn't that they don't have cash to loan out to customers, the problem is that most customers aren't credit worthy. Many years ago the church I attend opened a micro finance bank for the sole purpose of lending money to members at a zero interest rate. You'll be shocked if I tell you that the bank folded up after few years of operations. Reason being that most members who were opportuned to access the loans refused to pay back thereby making it impossible for others to get. With time, the bank couldn't pay it's staffs and ended up folding up. So when you see some of these financial institutions finding it difficult to give out loans or making you agree to some ridiculous terms and conditions before accessing the loans, don't blame them...they're only taking those steps to make sure that the cash they're lending you finds its way back to them in a very easy and stress free manner when it's time to pay back. 4 Likes 2 Shares |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by oshiiteoku: 4:00am On Oct 04, 2019 |
agarawu23:is it not better that access bank do not give payday loan,than giving Loan and continue to pilfer your money after payment without alert,organized thiefry |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by ASHLAND(m): 4:10am On Oct 04, 2019 |
Actually, many of the financial institutions will ask start-up to deposit certain amount of his/her choice to their institution as collateral, then, they will issue you a credit card in the amount deposited and charge interest on the credit card as you use it; meanwhile, you will start having good or bad credit based on your repayment on the card. 9jaRealist: |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by 9jaRealist: 4:21am On Oct 04, 2019 |
ASHLAND: You don’t need to be a startup (or require a bank loan) to get a credit card... A credit card provides just that - credit! If it’s cash-backed, it’s effectively a DEBIT card. PS: Btw, would personally never advise anyone to use a credit card for working capital! > |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Mac2016(m): 4:27am On Oct 04, 2019 |
In short before opening this thread, I looked forward to seeing First Bank and I am glad I saw it. But shocked about the inclusion of GTB |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by ASHLAND(m): 4:31am On Oct 04, 2019 |
9jaRealist:If you want to fast-track without previous credit history, that is the best; and that is what I did in my case. However, the deposit is like I opened account with the institution but won’t be able to withdraw from the account. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by deltateam: 4:31am On Oct 04, 2019 |
AntiBrutus: They shouldn't do it on condition that you have your salary account with them. In abroad, people have easy access to credit. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by topstone4: 4:31am On Oct 04, 2019 |
Commentor: You are the one having biased, abused and sentimental mindset. There is nothing to spin anywhere. You should rather purge your mind of the error you have fed it with. 1 Like |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by deltateam: 4:35am On Oct 04, 2019 |
Naughtysite: Besides banks should be able to offer clients loan of up to #50 000 at the least. No be say dem no go pay o. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by deltateam: 4:38am On Oct 04, 2019 |
AbuMaryam1: Please how does it work? I need to fire my bank. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by deltateam: 4:44am On Oct 04, 2019 |
9jaRealist: What do you mean in your last paragraph? |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Cantonese: 4:54am On Oct 04, 2019 |
ezewealth: Once you are qualified you get it. The banks tell you even without your application, especially Diamond bank. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Teibaba(m): 4:58am On Oct 04, 2019 |
We are talking of banks here. Ecobank is a corporative or something like that TwoBottles: 1 Like |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by alexvatt(m): 5:02am On Oct 04, 2019 |
Only one good news since APC takeover power. I don't have any pity for these banks. They are so wicked and selfish. They take money from Nigerians without giving anything back. Those banks' directors loan the money to themselves, thereby living large at the expenses of banks depositors and shareholders. It is only in Nigeria where banks CEOs and directors are the richest people in the society. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by AbuMaryam1(m): 5:08am On Oct 04, 2019 |
deltateam: With all honesty I didnt apply for it. One day as I log in into my account I saw a pop up message that ive qualified for a loan up to 5m. Mind you I'm operating cooperate account. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by 0taPiaPia(m): 5:17am On Oct 04, 2019 |
That's why gtbank has paid sound city radio to bombard the airways with quick credit jingles... Okays,,, time to visit my dear diamond.. Sorry access diamond for some business deal.. If e pass 3.5 % .. I no do |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by 9jaRealist: 5:32am On Oct 04, 2019 |
deltateam: As a startup you should ideally be drawing working capital from equity rather than debt... > 2 Likes |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by 9jaRealist: 5:46am On Oct 04, 2019 |
ASHLAND: Unless you’re saying that you can charge the card for more than the amount in the account... Whatever fanciful term the bank may have dubbed your card, it’s effectively a DEBIT card... In fact, it’s WORSE than a debit card as you’ll pay interest on the “credit” ostensibly being granted. Meanwhile, you and your business should be SEPARATE legal persons (with different BVN and TIN numbers)... Thus, unless you’re providing a personal guarantee for loans to the business, your personal credit history is irrelevant. > |
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