AB Microfinance Bank Nigeria offers entrepreneurs the opportunity to easily access loans in a quick, transparent and efficient environment. Our expertise and international standards assure our clients quality service and delivery.
ABN Business Loans Overview:
Loans currently range from N 15,000.00 to N1.5 million; maximum maturity is 18 months; for larger loan sizes, please visit the SME section
No mandatory deposits/savings and no cash collateral required.
No audited financial statements required.
Flexible collateral arrangements depending on loan size (household goods, business equipment, goods in stock, vehicles, property etc.)
Flexible documentation requirements.
Long-standing clients with impeccable repayment record qualify for successive interest rate discounts and even faster loan processing.
No borrower groups - you are responsible only for your own loan.
Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.
Are you interested? Simply come to one of our branches and meet our friendly loan officers for a proposal.
Annual Percentage Rate
AB Business Flexi
N15,000 – N100, 000
6% interest (on declining balance)
AB Business Plus
N100, 001 – N500, 000
5.5% interest (on declining balance)
AB Business Max
N500, 001 – N1, 000, 000
5% (on declining balance)
N 1,000, 001 – N 1, 500, 000
4.5% (on declining balance )
For the following loans: All loan sizes, 2.5% administration fee, 9 months maturity.
For the following loan: NGN 1.5 million loan size, 2.5% administration fee, 18 months maturity, no mortgage, private individual.
Example of a repayment plan for a loan of N200, 000 payable in 5 months: