Safetrust Mortgage out with new rent facility for small business

Small business, traders and professional firms in need of facility to pay rent for their homes, shops and offices need not look further as Safetrust Mortgage Bank Limited, one of Nigeria’s leading primary mortgage banks (PMBs),is out to solve that problem with its Safe Annual Rental Scheme (SARS) scheme.

This is part of the company’s response to the difficulties which some individuals and businesses have in meeting up with their rent obligations to their landlords and it offers short term financing to pay rent.

The facility requires subscribers to have established business relationship with the bank for a minimum of 6 months while a fixed amount is saved monthly with the intention of taking twice their contribution for rent purpose.

The product which offers a maximum amount of N1.5 million, a repayment period of 9 months, attractive and competitive interest rate, is coming on the heels of the company’s call on federal government to put in place measures to ensure lower interest rate regime so as to support economic activities that will lead to sustained growth of the national economy.