Corporate Finance

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Nicthan Corporate Finance

Nicthan Salary Advance Facility

This is a short term loan designed for those in paid employment. It is meant to meet our customers'short term financing needs.

Features and Benefits

- Access to salary in advance with a one month tenure.
- 48 Hours processing time.

Requirements

- Staff ID Card and any form of identification (Drivers license, National Identity Card, International Passport).
- Last 6 months pay slip / Bank statement of plan.
- Undated cheques / Direct debit mandate of the borrower.
- Appointment / Confirmation / Promotion letter.

Nicthan Working Capital

Often our customers need some funds to manage working capital gaps on a day-to-day basis. We come in here by providing the overdraft facility. Our customer will be allowed to overdraw their plans up to a specified amount to bridge gaps in cash flow and working capital. Repayment is usually from plan receivables and cash flows from the customer's business. Interest is changed on daily overdrawn balances.

Features and Benefits

- Maximum tenor applicable.
- Facility is limited to certain percentage of turnover of our savings plans.

Nicthan Bullet

This is our term loan facility, whether short or medium tenor. It is designed to provide a structured and controllable mechanism through which we may provide finance to small and medium sized organizations to support their financial needs for a capital intensive projects.

Features and Benefits

- Equity contribution applicable
- Lien on Domiciliation payment by Nicthan.
- Bullet repayment of principal and interest.
- Facility is limited to certain percentage of turnover.

Nicthan Asset Finance

Nicthan Nig. Ltd finances different kinds of assets for our customers which we transfer ownership to them as soon as they finish payment.

Features and Benefits

- Maximum of four installment payments.
- Must have a running savings plan with us.
- Immediate access to the Asset
- Four Undated Cheques.

Nicthan Buddies

The facility is extended to economically active individuals who come together as a group to obtain financial assistance to pay up their bills or financial obligations.

Features and Benefits

- Group members must be in the same location.
- Equity contribution applicable maximum tenor applicable.

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