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.
| ||AB SME Access||AB SME Comfort|
|Amount in NGN||2,000,001||5,000,000||10,000,000||20,000,000|
|Interest Rate p.m.||4.3%(on reducing balance)||3.9%(on reducing balance)||3.6%(on reducing balance)||3.0%|
|Installment in NGN (Monthly)||204,034||497,617||976,740||1,880,591|
|Disbursement fee||1%(One-off Charge)||1%(One-off Charge)||1%(One-off Charge)||1%(One-off Charge)|