Individual Installment Scheme

FREEE Recycle in collaboration with its Financial Partner Sage Grey Finance Limited has developed a product installmental payment / loan option plan for Individuals, to enable them purchase flooring products and pay in installments. The product installmental payment loan is designed to help customers finance the purchase of FREEE Recycle’s products.

Product Category

**Please note, the above stated prices are not inclusive of Installation cost**

Terms & Conditions

  • Loan Tenor – 5 Months
  • Interest Rate – 26% per annum
  • Maximum Amount – ₦20,000,000
  • 30% of the proforma invoice value issued will be covered by the customer.
  • Loan Facility Fees – 1% Management Fees
                                                0.5% Advisory Fees
                                                0.5% Legal Fees
  • The loan funds will only cover 70% of the Proforma invoice value issued by FREEE Recycle
  • The loan funds will not exceed 60% of the client’s revenue in the previous quarter.
  • Security – a.) Charge over the products purchased, including those purchased with the Borrower’s Contribution.     
                          b.) Corporate Guarantee of Borrower.    
  • Repayment Terms – Monthly repayment of the loan amount plus interest rate in agreed installments.
  • Lender – The loan is fully fianced by Sage Grey Finance Limted 

Interested in FREEE Recycle's Installment Payment Scheme

Fill the form below and attach the following necessary documents

  • Account Statement on the past 6 months
  • Means of Identification
  • National Identification Number
  • Other Relevant Documents
**Note: Kindly input total income for the last three months.