What is LeadNowNow (LNN)?

LeadNowNow is a short term loan made available to Leadcapital clients’ with your stock
Portfolio as collateral. It is intended to be repaid in installments and designed as an easy way to get cash into your account when you need it most. The facility is for an initial 2 months with an optional one month roll over.

What can I use a loan for?
You can use the loan for School fees, contracts, or whatever you want.

What are the requirements for approval?
You will need to have a stock broking account with Leadcapital as your stocks will be used as collateral. Kindly contact your Relationship Manager for a list of the approved stocks.

How much will this cost?
This facility will be availed to you at 25 % per annum and a flat 2% Processing &
Management fee.

What documents do you require?
Not much. Once a credit assessment is carried out and approved, an offer letter will be
prepared within 48 hours awaiting your signature. If you do not reside within our centres;
Port Harcourt, Victoria Island, Ibadan and Abuja, an alternative arrangement will be
made for you. Kindly contact you relationship manager for details.

When will I hear from you?
After making a formal request through your Relationship Manager, we will contact you by phone or email within 48 hours about the status of your loan.

How do I receive the cash?
When your application is approved, a cheque will be written for the approved amount less all the processing and Management fees.

How do I repay the LNN Loan?
Various options are open to you:
 You can either repay your loan in full on your stated maturity date, or you can make
Installment payments over a three (3) month period.
 Or you sell off your shares to meet your monthly obligation to us. The amount of each
LNN instalment loan payment will be calculated at 25 % per annum.

How do I know that the amount you withdraw from my account is the amount you committed to?
There will be a binding contract signed by all parties to which we will all be accountable.
Also as Stockbrokers, we are subjected to applicable laws and regulations that regulate our practices. The amount we will deduct from your account will be the amount that you have authorized.

How do you determine the amount of money to loan me?
The amount that we will loan you is generally no more than 50% of your Portfolio valued at current price.

Can I pay my loan back before the maturity date?
Yes, you can pay back at any within the agreed period. This can be done by either sending in a cheque for the full loan amount or you instruct us to sell shares in our possession with value equal to the full loan amount.
Note that there is an additional 2% Processing & Management fee to roll over the facility
after the initial 3 month period.