Globus Review: What you Need to Know
Globus Bank is a commercial bank in Nigeria that was established in 2019. The bank aims to provide innovative banking solutions that meet the evolving needs of customers in Nigeria.
Globus offers a range of products and services to its customers, including personal banking, business banking, and digital banking solutions. The bank’s personal banking products include savings accounts, current accounts, fixed deposit accounts, and loans. Its business banking solutions include corporate banking, trade finance, and cash management.
The bank places a high emphasis on technology and innovation, offering a range of digital banking services that enable customers to carry out banking transactions conveniently and securely from their mobile devices or personal computers. Its goal is to provide innovative and customer-centric banking solutions that help individuals and businesses achieve their financial goals.
Loans
Personal Loan
Globus Bank offers personal loans that are designed to meet individual needs. With this loan, you can access funds of up to 75% of your net annual salary. The loan amounts range from N50,000 to N5 million and can be used for any purpose. It is designed to help you cover unexpected expenses, consolidate debt, finance home improvements, or purchase a vehicle.
The loan application process is straightforward and easy to complete. You must provide basic information such as name, address and income information. After the application is submitted and approved, funds are typically available within one business day.
Globus also offers additional features that make personal loans more attractive. For instance, you can choose between fixed or variable interest rates depending on your financial situation and goals. You can also opt for an early repayment plan which allows you to pay off your loan before the due date without incurring any additional charges.
Asset Finance Loan
Globus Nigeria Asset Finance loan helps provide financial support for individuals and businesses who are looking to purchase assets such as vehicles, machinery, or equipment. The loan can be used for both new and pre-owned assets and can be secured against the asset being purchased.
The loan amount available depends on the type of asset, its value, and the customer’s creditworthiness. The repayment period for this loan varies from 6 months to 1 year, depending on the customer’s needs and ability to repay. Customers have to pay a processing fee and interest rates differ based on the type of asset being purchased and the customer’s credit score.
In addition to providing finance for asset purchases, Globus Asset Finance Loan also offers access to additional services such as insurance coverage, vehicle tracking systems, roadside assistance, and more. This makes this loan an attractive option for business owners.
Creative Sector Loan
The Creative Sector Loan is an initiative to provide financial support to creative entrepreneurs in Nigeria. This loan is available to individuals and companies involved in music, film, photography, fashion, design and other forms of creative expression. It provides access to capital for individuals and businesses who may not have access to traditional banking services or the necessary collateral required by most banks.
The loan offers a flexible repayment schedule with competitive interest rates tailored to the specific needs of the borrower. Funds can be used for investments such as purchasing equipment, hiring staff or launching new projects.
A standout feature of this loan is that it provides borrowers access to technical assistance and mentoring from experienced professionals in the creative sector. Borrowers can access business training and resources that can help them develop their skills and increase their chances of success. This makes it a great option for young creatives looking to grow!
Vehicle Finance Loan
Globus Nigeria Vehicle Finance loan is a loan product that helps individuals purchase vehicles. The loan amount ranges from N100,000 up to N5 million depending on the customer’s creditworthiness and the type of vehicle being purchased.
Customers can also choose between various repayment options such as monthly instalments, quarterly payments, or lump sum payments. The interest rate charged on this loan is competitive and varies depending on the customer’s credit score and other factors.
Overall, Globus Nigeria Vehicle Finance Loan is an excellent option if you’re looking for financing to purchase a new or used vehicle in Nigeria. With its competitive interest rates and flexible repayment options, this product provides you with a great way to finance your dream car without breaking their budget or overly straining your finances.
Savings
Fixed and Tenured Deposits
This is a deposit account that allows you to save money for a specific period of time and earn interest on your deposits. The deposit account has a fixed term, meaning it can only be held for the duration specified in the contract. You can choose from different terms, ranging from three months to six months.
The main benefit of this product is that you can earn higher interest rates than you would with other savings products. This means you can grow your savings faster over time. Additionally, you are guaranteed your principal amount at the end of the term, regardless of market conditions or fluctuations in interest rates.
You also have access to online banking services, allowing them to manage their accounts easily and securely. You can set up automatic transfers and payments, as well as view your balance and transaction history whenever you want.
Globus Fixed Tenure Deposit is an excellent way for customers to save money and earn higher returns than traditional savings accounts without taking on any risk. It offers flexibility and convenience with its online banking features as well as reliable customer service support when needed.
Globus Kiddies Account
Globus Kiddies Account is a savings account specifically for children between the ages of 3 and 17. The main feature of this account is that it allows parents or guardians to open an account in their child’s name and manage it on their behalf. This means that parents can monitor how much money their child is saving, as well as set limits on how much they can withdraw at any given time.
Furthermore, parents can also set up an automatic transfer from their own bank accounts into the kiddies account, allowing them to easily save for their child’s future.
This savings account also comes with a range of additional benefits such as personalised debit cards for children aged 16-17 and discounts on products purchased from participating retailers. There are also no monthly fees on this account, making it a great option for families.
Assessing Globus Products on nairaCompare
1. Select ‘Globus’ from the list of available savings options.
2. Read through the information provided on the Globus page to understand more about the provider, and its products.
3. Select a product.
4. Click on ‘Open Account’/ ”Apply” to begin the application process.
5. Fill in your personal details and provide all the necessary documents.
6. Submit your application form for review and processing.
7. After successful review of your application, you will receive an email notification confirming that your application has been approved!
Benefits of Banking with Globus
Convenience: Banking with Globus Nigeria is convenient and easy to use. Customers can access their accounts from anywhere in the world through their online banking platform, as well as through their mobile app. This makes it easier to manage finances and make payments on the go.
Security & Customer Service: Globus Nigeria is secure and reliable as they use advanced encryption technology to protect customer data and transactions. They also offer 24/7 customer support, so customers can always get help if they have any questions or concerns about their accounts.
Low Fees: Banking with Globus Nigeria has low fees for transactions, making it an affordable option for customers who need to transfer money or pay bills on a regular basis.
Potential Drawback of Banking with Globus
Some customers may find that Globus Bank’s online banking system is not as user-friendly as other banks’ systems. The interface can be confusing and navigating through the website can be difficult for those who are not tech-savvy.
Summary
Giving you a satisfactory experience is our priority, and to achieve this, we need the right partners. Therefore, all our providers are tested and trusted names in their respective categories and are regulated by the appropriate institutions and authorities.
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