Processing Fees:

  • NEXIM applications attract a N100,000 [One Hundred Thousand Naira] non-refundable application fee.
  • WAYEF and SMEEF applications however shall attract a N20,000 [Twenty Thousand Naira] non-refundable application fee.
  • A fee of N100,000.00 [One Hundred Thousand Naira] shall also be charged for revalidation of offer letters on all EDF facilities above N250M.


Kindly note that Credit Applications will only be deemed to have been received when all basic documentation highlighted on the application checklist are submitted and duly acknowledged by the Bank.
Upon receipt, Credit Applications will be processed as follows, depending on the loan amount:
Tenor Processing Timeline
Rediscounting & Refinancing Facility 5 working days
Short-Term Facilities 30 -40 working days
Long-Term Facilities 60 - 120 working days