Individual Loan

This is a personal loan. Anyone can access this loan product provided you have the requirements needed to access the loan.

Features

• The loan tenor shall be between 30-180days and if need be, insured.


• Assets will be bought in the name of the MFB


• 30% Equity Contribution from Customers.


• N500,000 Maximum loan obtained.


• Post Dated Cheques of Beneficiary (for corporate customers).


• 2 Guarantor’s Cheque.


• Interest rate at 3.5% per month and upfront of 3.5%