Licensed by the Central Bank of Nigeria
Summit
Cost-Plus
-
SCP
(Murabaha)
These are structured to enable customers acquire assets through transparent, fixed-profit sales.
Features that Keep You in Control
Shariah-compliant purchase financing
Summit purchases the asset on your behalf and resells it to you at a pre-agreed profit margin.
Fixed and predictable payments
Clear, fixed monthly or quarterly payment plans. No surprise charges, your payment structure is known from day one.
Inventory, trade, capital, guarantees.
Applicable for goods such as equipment, inventory, vehicles, or other approved tangible assets.
Insurance cover from reputable Takaful Company
Access to Islamic insurance (Takaful) to protect the financed asset, ensuring added peace of mind.
No hidden charges
All fees, costs, and profit margins are disclosed in advance.
What You Will Need
Completed financing application form
Proof of steady income (salary slips or business financials)
Valid identification
Proforma invoice for the asset to be financed
Collateral may be required for high-value financing
Eligibility
Salaried employees, Business owners, and Professionals
T&Cs apply
Frequently Asked Questions
Banking Made Easy, Anytime, Anywhere
Discover the convenience of banking from the palm of your hand and experience secure banking on the go.
Personal
SME
Corporate
Finance
© 2025 Summit Bank LimitedLicensed by the Central Bank of Nigeria
Licensed by the Central Bank of NigeriaInsured
Privacy Policy| All Rights Reserved.