Finance

MFB Loan: How to Apply For Instant Loan.

Spread the love

MFB Loan this article is centered on how to get fast loan from microfinance banks, eligibility requirements and list of microfinance banks that grants this loans.

What is MFB Loan?

MFB stands for Micro Financial Bank. Microfinance Bank better known as MFB is financial institution targeting individuals and small business who lack access to conventional bank or related services. They also provide laons to individuals for personal or small business purposes.

MFB Loan is usually small amount of money and it doesn’t require Collateral,they charge low interest on low, long term repayment period. But it involves guarantor and paperworks.

READ ALSO  9credit Loan App Review 2024 (Legit or Scam)

Difference Between MFB Loan and Bank Loan

Microfinance institution offers loan to individuals without asking for collateral while in a Bank loan one has to provide collateral in form of asset.

Mfb Loan

Check Out Our Related Post

Requirements For MFB Loan

You must meet or provide the following documents to be eligible for Microfinance Bank loan.

  • You must be 18 year and above
  • Have Bank Verification Number (BVN)
  • You must be a residing citizen of Nigeria
  • Open an Account with the bank.
  • Existing Business for atleast 1year and must have been in the location rfot atleast 6 months.
READ ALSO  Loan Without BVN (5 Loan Apps to Get Instant Loan Without BVN)

Documents Required When Applying For MFB Loan

The following documents must be provided when applying for Mfb Loan.

  • Loan Application Form
  • Government Issued I.D or Valid means of identification.
  • Copy of current Utility Bill (Light Bill) not more than 3 months.
  • Copies Of Recent Passport.
  • Evidence Business Lactation (For Business Loan Purpose)
  • Bank Statement or Account/Records.

List of MFBs that gives Loan in Nigeria

  1. Solid Trust Microfinance Bank
  2. Solid Allianze Microfinance Bank
  3. Lapo Microfinance Bank
  4. Snow Microfinance Bank
  5. Shalom Microfinance Bank
  6. Seed Capital Microfinance Bank
  7. Safe Gate Microfinance Bank
  8. Royal Exchange Microfinance Bank
  9. Kuda Microfinance Bank
  10. FFS Microfinance Bank
  11. Global Initiative Microfinance Bank
  12. High Street Microfinance Bank
  13. Headway Microfinance Bank
  14. GTI Microfinance Bank
  15. Purple Money Microfinance Bank
  16. CIT Microfinance Bank
  17. AB Microfinance Bank
  18. Grooming Microfinance Bank
  19. Asset Microfinance Bank
  20. Bowen Microfinance Bank
  21. Cowries Microfinance Bank
  22. Credit Afrique Microfinance Bank
  23. Credit Express Microfinance Bank
  24. Echo Microfinance Bank
  25. Edo Microfinance Bank
  26. Empire Trust Microfinance Bank
  27. First Option Microfinance Bank
  28. Finex Microfinance Bank
  29. Flourish Microfinance Bank
  30. Fortress Microfinance Bank
  31. Desmonarchy Microfinance Bank Limited
  32. TCF Microfinance Bank
  33. Ultimate Microfinance Bank
  34. VCL Microfinance Bank
  35. Verdant Microfinance Bank
  36. Verite Microfinance Bank
  37. VFD Microfinance Bank
  38. Wesley Microfinance Bank
  39. Vineland Microfinance Bank
  40. Pecan Trust Microfinance Bank
  41. Project Microfinance Bank
  42. Providence Microfinance Bank
  43. RenMoney Microfinance Bank
  44. Oko Microfinance Bank
  45. Medalyn Microfinance Bank
  46. Chibueze Microfinance Bank
  47. Pyramid Microfinance Bank
  48. NPF Microfinance Bank
  49. Qube Microfinance Bank
  50. Susu Microfinance Bank
READ ALSO  lcredit Loan App Review 2024 (Legit or Scam)

Conclusion

Mfb Loan is the best platform or financial institution to get loan from. They are reliable,trusted and registered with Central Bank of Nigeria CBN. So always feel free to her money from them for personal or business purposes.

Leave a Reply

Your email address will not be published. Required fields are marked *