Micro SME Loans

AB Microfinance Bank offers business owners of Small and Medium Size Enterprises the opportunity to access loan products in a quick, transparent and efficient way. Building on our global expertise and on our international standards, we can assure our clients highest quality service and delivery. Prospective borrowers do not need to have saved any money with AB Microfinance Bank before applying for a loan, as we do not support forced savings. All that is needed is an existing, viable business.

What sets AB Microfinance Bank apart is primarily the efficiency and ease of access to credit facilities. Documentation and collateral requirements are significantly more flexible than anywhere else in the Nigerian banking sector, and the processing time is the shortest available.

The following credit products are available for our SME clients:

  • Loans from NGN 2,000,001 to NGN 3,000,000 for your existing business
  • Competitive Interest Rate of 4.2% monthly on reducing balance
  • Disbursement fee of 2.5% of the loan amount (down to 1.5% for renewal)
  • Maturity period from 6 to 36 months with equal monthly installments
  • Hard collateral required (vehicles, landed properties, etc.)
  • Free SMS Reminder for your Monthly Repayments
  • Loans from NGN 3,000,001 to NGN 20,000,000 for your existing business
  • Competitive Interest Rate ranging from 3% to 3.8% monthly on reducing balance
  • Disbursement fee of 2.5% of the loan amount (down to 1.5% for renewal)
  • Maturity period from 6 to 36 months with equal monthly installments
  • All type of collateral accepted
  • Free SMS Reminder for your Monthly Repayments

  AB SME Access AB SME Comfort
Amount in NGN 2,000,001 5,000,000 10,000,000 20,000,000
Maturity (months) 13 13 13 13
Interest Rate p.m. 4.20% 3.80% 3.50% 3.00%
Installment in NGN (Monthly) 202,928.1 494,849.76 971,205.09 1,881,573.37
Disbursement fee 2.50% 2.50% 2.50% 1.50%
Disbursement fee is 2.5% (down to 1.5% for renewal)

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