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.

SME Loans

  • Loans from NGN3,000,001 to NGN20,000,000 for your existing business
  • Competitive Interest Rate starting from 3.0% monthly on reducing balance
  • Disbursement fee of 1.0% of the loan amount
  • Maturity period from 6 to 24 months with equal monthly instalments
  • Broad of collateral items accepted
  • Upon submission of all required documents, loan disbursement within a week
Name Amount Available Interest Payable
SME Business Loan (new client) N3,000,001 - N10,000,000 3.0% - 4.7% Interest (On reducing Balance)
Disbursement Fee 1% of Disbursed Amount (One-off charge)
Free SMS Reminder for your Monthly Repayments

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