Liberia Pay After (LPA)

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(LPA) LIBERIA PAY AFTER

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  1. WHO IS ELIGIBLE FOR THE PRODUCT?

    ✔ EVERYBODY!!!

  2. CONDITIONS FOR THE APPLICANTS

    ✔ MUST OPERATE A REGULAR SALARY ACCT WITH GNBLL.

    ✔ EMPLOYERS AGREE TO SUPPORT BOTH EMPLOYEE AND THE BANK ON TERMS AND CONDITIONS OF THE CONTRACT TO THE BENEFIT OF ALL PARTIES.

    ✔ NON-SALARIED APPLICANTS MAY PROVIDE GUARANTORS.

  3. ITEMS THAT CAN BE PURCHASED UNDER THE LPA.

    ✔ BASIC HOUSEHOLD ITEMS

    ✔ BUILDING MATERIALS

    ✔ ELECTRICAL & ELECTRONIC GOODS

    ✔ CARS

    ✔ OTHERS THAT MAY BE NEGOTIATED FOR BY APPLICANT AND THE SUPPLIER

  4. REPAYMENT.

    ✔ FIXED REGULAR PMT AMOUNT UNTIL FULLY PAID.

    ✔ A 10% COMPULSORY DOWN PAYMENT OF COST OF ITEM.

    ✔ THE 90% DIFFERENCE IS SPREAD OVER AN AGREED NUMBER OF MONTHS DEPENDING ON THE WORTH OF THE ITEM PURCHASED.

    ✔ INTEREST PAYMENT IS GRADUATED DEPENDING ON THE COST AND DURATION OF INDEBTEDNESS.

 
AMT (COST OF ITEMS) EXPRESSED IN USD
DURATION OF PAYOFF EXPRESSED IN MONTHS
500
12
501 - 2,000
12
2,001 - 6000
18
6,001 - 10,000
18
10,001 - 15,000
18
EXCESS OF 15000
NEGOTIABLE

 
  1. Depending on the worth and value of the item, vis-a vis the period of indebtedness, the bank may demand an insurance cover as part of the contract between the client and the bank.
  2. The insurance company would be obliged to agree to terms not exceeding 3% of item value
  3. The insurance premium will be borne by the client.
  4. Premium will be paid up front directly to the Insurance Company account with Sapele International Bank Liberia Limited.
TESTIMONIAL
SIB Liberia Limited . Special Products (SIBLL) is for everyone.
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The People's Bank

A truly People’s Bank for the ordinary person: farmers, professionals, students, workers, and small and medium scale entrepreneurs in Liberia.

+231-555-014065 | +231-555-001159
info@sibll.com
Luke Building, Broad Street - Monrovia

Opening Hours

Mon - Fri
9:00 am to 2:00 pm
Saturday
9:00 am to 12:00 pm
Sunday
Closed

CEO's Words

To be the National Bank for the ordinary person providing close to client banking services throughout Liberia and be known for excellent customer service while creating wealth for its stakeholders.