SME Loans
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.
Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.
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 range of collateral items accepted
Upon submission of all required documents, loan disbursement is guaranteed within 3 working days
ABN SME Product
ABN loans,“easy, fast and convenient”
| AB SME Business | Amount Available | Interest Payable (on reducing Balance) |
|---|---|---|
| New Client | N3,000,001 – N20,000,000 | 3.0% – 4.7% Interest |
| Repeat Client | Up to 30 Million | 2.8% – 3.8% Interest |
| Disbursement Fee | 1% of Disbursed Amount (One-off charge) | |
| Insurance Fee | 0.6% of Disbursed Amount (One-off charge) | |
