My Own Loan Plus

This is a working capital type loan available to Micro and Medium customers.

Features
  • Access to a higher loan amounts of N400,000.00 to N1 million
  • Flexible collateral
  • 6 to 12 months tenor
  • Competitive Interest rate @ 6% reducing balance
  • Insured loan of 1%.
  • Admin fee of 1%
  • Commitment fee of 1%
  • 10% Equity contribution
Benefits
  • Third party withdrawal
  • Flexible and easy collateral
  • Competitive interest rate
  • Opportunity to grow business with Accion MfB
Requirements
  • Prove of business ownership and experience
  • A/C opening required
  • Viable business
  • Guarantor
  • And any other document that might be requested for by Accion MfB