This is an account operated with cheque. It is otherwise known as demand deposit where customers need not to give notice before money is withdrawn from the account. Our current account offers you a variety of choices to conduct your banking transactions across the counter or virtual banking from the comfort of your office.
This is the account opened by customers to keep their surplus funds. This type of account is commonly opened by individuals, group of individuals and unincorporated bodies like clubs, associations. Etc
This is known as fixed deposit account in which banks accept larger sums of money for a fixed term at fixed rate of interest.
This new service is an added benefit giving to payroll customers having their monthly salaries transfer to their current account with us in order to satisfy their short term credit requirements. Customer that falls under these categories enjoys part of their salary before the pay day. Usually, repayment is within one month (30 days). It is convenient to repay back and at an affordable rate.
It is a situation whereby customer is allowed to overdrawn his or her account with the used of cheque and to be paid back as stipulated within the shortest period of time and at an affordable interest rate. We give such facility to our credible customers in order to help them meet some certain financial plan. Payment is also very convenient.
We partner with you in your business and provide you with financial advice and professional guidance in areas like investment management.
This is an instruction to a bank by an account holder to make regular fixed payments to a particular person or organisation. We offer our customers this service effectively and efficiently
This is a commercial document and first official offer issued by a buyer to a seller indicating types, quantities and agreed prices for products or services. Our micro-finance Bank offers to finance your LPO at an agreed time of repayment, mode of payment and affordable interest rate.
Here, you can open an account with us in order to save towards future festive period celebration e.g. Christmas, Ileya and other forms of festive celebration. Under this scheme, your savings attract interest, fund is secured and withdrawal can be made at any appointed time with convenient.
This is an account opened by a parent who wants to save towards meeting the future educational needs of his child or children as the case may be. Such parent can access loan provided he has 30% of the total sum targeted. It is convenient and the child educational needs are carter for with ease.
This is a support scheme designed to help the transportation business desire of our both customers and prospective customers. The customer has 30% of the cost of such asset and the Micro-finance bank will add the remaining balance. The loan is repaid back with an additional 3% interest rate (reducing balance) monthly with 2% processing fee at the point of collection. The loan granted will cover the cost of the asset particular’s registration. The ownership of the asset will be transferred to the customer when the last instalment payment is made. Additional security is required.
This is a facility granted to our customers in order to enhance their business plan, carry out their project and also, meeting some personal financial needs. It is monthly repayment, within a year with 3% interest rate (reducing balance) and processing fee of 2%. Two guarantors are required with their duly signed cheques and recent statement of account for 3 months. This types of loan help to improve our customers’ business status; it is convenient to pay back and interest is relatively low compare with prevailing market rate.
It is a type of facility granted to petty traders in order to enhance their businesses. It is a small amount of money that ranges between N50,000 to N100,000 granted to two different calibres of customers. It has an interest rate of 3% flat rate repayable weekly with 2% processing fee. It can be recycled once it is faithfully pay back. This type of facility help to improve our customers’ petty trade, it is also convenient to pay back. Here minimum of 5 and maximum of 10 people form a group who will be meeting on regular interval under their ring leader’s coordination. Cross guarantee is allowed because the liability of one is the liability of all.
Here, our customers agree to be contributing certain amount daily. In this case, such customer may go to any of our branch closer to him or her to make daily deposit or our marketers come to your location to mobilise such daily deposit. This types of arrangement helps the depositor to build up his business capital, it can also serve as collateral to obtain loan and meeting sudden financial need. The collection is efficient, reliable and secured.
We also advance facility to a group of people of common goals and objectives, carrying out financial transactions among themselves for the purpose of their well being. These types of people are called cooperative society. They open an account with us with letter from the group signed by their leader. Their collateral will serve as guarantee for the loan granted. Our bank deals with them as a whole through their executives and not as an individual. The default of one person is the default of all. The interest rate is negotiable.
