We offer a variety of loans

Choose a loan type below that suits you

Gemstone SME Monthly Loan

• NGN 200 Membership registration fee.
• Member must have an active Daily Contribution Account (DCA).
• Member must run the Daily contribution account for a minimum period of two (2) weeks to be eligible.  The maximum Loan Disbursement is NGN 500,000.00.
• The interest rate is as low as 5% per month.
• Tenor: Maximum of 12 months.
• Loan repayment shall be on a monthly basis.
• Member must provide equity contribution equivalent to 10% of the Loan Amount.
• Security: Member must provide one (1) verifiable Guarantor.

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Gemstone SME Weekly

• NGN 200 Membership registration fee.
• Member must have an active Daily Contribution Account (DCA).
• Customers must run the Daily contribution account for a minimum period of two (2) weeks to be eligible.  The maximum Loan Disbursement is NGN 250,000.00.
• The interest rate is 8% flat per month.
• Tenor: Maximum of 24 months.
• Loan repayment shall be on a weekly basis.
• The grace period shall be one week.
• The customer must provide an equity contribution equivalent to 10% of the Loan Amount.
• Security: Member must provide one (1) verifiable Guarantor.

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Gemstone Mudarabah Agro - financing

• NGN 200 Membership registration fee.
• This is a profit-sharing Scheme
• Maximum investment (Jari) is N500,000
• Repayment shall be on a weekly or monthly basis
• Tenor: Maximum of 12 months.
• Grace period shall be one week for weekly repayments  Member must provide equity contribution equivalent to 10% of the investment (Jari) amount
• Profits on investments (Jari) shall be shared between the member, investors, and Gemstone MCS.
  Member share of profit is 20%
  Investors' share of profit is 43%
  Gemstone's Share of profit is 37%.
• Member must provide one (1) verifiable Guarantor.

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Gemstone Agro-equipment Loan

• NGN 200 Membership registration fee.
• Farm tools and food processing equipment only.
• Collateral shall be the equipment purchased.
• Maximum investment (Jari) is N500,000
• Equipment must be purchased by a Gemstone Certified Dealer
• The interest rate is 5% flat per month.
• Tenor: Maximum of 12 Months or 52 weekly.
• Loan repayment shall be on a monthly or weekly basis.
• The grace period shall be one week for the weekly term.
• The customer must provide an equity contribution equivalent to 20% of the Invoice Amount.
• Member must provide one (1) verifiable Guarantor.

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Gemstone Corporate Employee Loan

• NGN 200 Membership registration fee.
• Member must be a salaried employee.
• Maximum Loan Disbursement shall be 100% of the customer's salary.
• The interest rate is 8% flat per month.
• Tenor: Maximum of 6 months.
• The interest rate is 5% flat per month.
• Loan repayment shall be on a monthly basis.
• Member must provide equity contribution equivalent to 10% of the Loan Amount.
• Security: Customer must provide one (1) verifiable Guarantor.

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