Individual Micro Loan

Micro loan is a small loan typically for low-income and entrepreneurs especially in poor or developing regions.

Personal Loan Requirements

  • Duly Completed account opening form
  • Duly completed loan form
  • Passport photographs of borrower
  • Valid means of identification
  • Recent utility bill
  • NIN
  • Sales record
  • 10% Equity contributions
  • 3% upfront fee and 4% flat monthly interest rate
  • 2 Qualified guarantors
  • The customer must complete the Bank’s Loan application form to enable us complete loan’s tracker compliance form. 
  • Any amount from N50,000 requires security in form of supported Third Party Guarantee as stated in (1) above.
  • Customer must provide at least 20% Equity Contribution of the loan amount being requested. 4. Customer is responsible for Notary Stamping.