My Agent Loan

This is a short term working capital type of loan for agent banking clients of Accion MfB.

Features
  • Access to loan for as low as N50,000.00 up to N1m
  • Equity contribution applicable
  • 3% & 2.5% interest at a reducing balance for 1st loan and subsequent loan respectively.
  • 1% commitment fee, 1% Insurance & 1% Admin fee
  • Has advantage to determine your interest rate
  • Repayment of 1 to 3 months
Benefits
  • Easy Loan Procedure
  • Affordable and Convenient Loan
  • Low interest rate
  • Opportunity to grow business with Accion MfB
Requirements
  • Must be an existing customer of the bank with a current loan
  • Must achieve a score card rating of AA or A in previous loan repayment
  • Viable business
  • Guarantor
  • And any other document that might be requested for by Accion MfB