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Small Business Loan (SBL) is designed to meet the capital needs of small and medium scale entrepreneurs who require more funds for expansion.
• Facility range: N50,000 (minimum) to N500,000 (maximum)
• Methodology: Individual
• Duration: 1-6 months
• No collateral
• Access to funds for business expansion
• Access to other loan products
• Flexible repayment structure
• Training on basic financial management, business planning and customer relations
• Low interest rate
No collateral
• Access to funds for business expansion
• Access to other loan products
• Flexible repayment structure
• Training on basic financial management, business planning and customer relations
• Low interest rate

• Duly opened current account
• Three months statement from your bankers
• Loan application letter
• Duly completed application form
• 2 guarantors
• 2 recent passport-size photographs
• 1. Q: Do I need collateral before I can access this loan?
A: No. You do not need collateral as a condition but two guarantors that can stand as your surety in case of default.
• 2. Q: Can I re-apply for a higher loan after the full repayment of the previous loan?
A: Yes. You can have access to a higher loan depending on the previous repayment performance.
• 3. Q: Can I reduce the repayment duration?
A: Yes. You can reduce the repayment duration to the number of months that suits you
• 4. Q: Is this loan insured?
A: The loan is insured against death, fire in the business place or disability

At Consumer MFB, we understand that life happens. That’s why we let you choose your payday and get quick, easy and convenient access to funds.

Salary Advance is a salary-based temporary overdraft facility which enables staff of private companies and government agencies access 50% of their net monthly salary in advance.
Hand-written application letter.
Properly completed loan form
Staff Identification
Letter of introduction from employer
Facility Amount: Maximum of 50% of net monthly salary
Tenor: 1-6 months (Maximum)
Repayment: Monthly
Support/Comfort: Salary domiciliation
Easy access to funds
Competitive interest rate
Q: What type of facility is Salary Advance?
A: Salary Advance is a personal loan secured with salary domiciliation.
Q: What is the tenor for a Salary Advance?
A: 180 days (Maximum) with monthly repayment
Q: Does the beneficiary need to have his/her salary account with Consumer MFB?
A: Yes.
Q: What is the required length of salary account relationship?
A: The customer must have received their salary through their Consumer MFB account in the last 3 months.
Q: Who can benefit from Consumer Salary Advance?
A: Staff of selected private companies, Government Ministries, Parastatals and Establishments whose salary accounts are domiciled with the Bank.
Q: Can the customer apply for Salary Advance if he/she has an existing facility with the Bank?
A: Yes, provided the total loan repayment does not exceed 50% of his/her monthly salary.
Q: What is the pricing on Salary Advance?
A: Highly competitive
Q: Can the customer reapply at the expiration of the facility?
A: Yes.
Q: How does the 180 days Salary Advance work?
A: Applicant indicates the tenor they want and submits the completed application form to the Bank. The single application
gives monthly access to Salary Advance for up to 6 consecutive months.
Q: How do I apply for a Salary Advance?
A: Application is done by completing and submitting the Salary Advance application form
Q: can the customer reapply for top up before the expiration of the facility
A: The customer can reapply if he/she has paid the present loan for up to 4 months

Pay Day Loan is a salary-based temporary overdraft facility which enables staff of private companies and government agencies access 70% of their net monthly salary as overdraft.
Hand-written application letter.
Staff Identification
Facility Amount: Maximum of 70% of net monthly salary
Tenor: 30days (Maximum)
Repayment: Payday
Minimum Salary: Minimum salary of N 25,000 for public sector and N 50,000 for private sector employees
Support/Comfort: Salary domiciliation
Easy access to financial assistance before salary due date
Minimal interest rate
Q: Does the beneficiary need to have his/her salary account domiciled with Consumer MFB?
A: Yes.
Q: What is the required length of salary account relationship?
A: The customer must have received their salary through their Consumer account in the last 3 months.
Q: Who can benefit from Payday Loan?
A: Staff of selected private companies, Government Ministries, Parastatals and establishments whose salary accounts are domiciled with the Bank.
Q: Can the customer apply for Payday Loan if she/he has an existing facility with the Bank?
A: Yes, provided the total loan repayment does not exceed 75% of his/her monthly salary.
Q: What is the pricing on Payday Loan?
A: Highly competitive
Q: How do I apply for a Salary Advance?
A: Application is done by completing and submitting the Salary Advance application form or through internet banking
Fast Cash Loan is a 24 hour loan which is specially crafted to satisfy the financial needs of Civil servants whose salaries are not domiciled with us. It affords you the opportunity to access a loan without the hassle of salary transfers as repayments are deducted directly from source.
Properly completed and signed fast cash application form.
Valid Identification
Staff Identification
Letter of Employment
Letter Of Confirmation
3 most recent payslips
Monthly repayment of a maximum of 50% of net monthly salary
Tenor: Maximum of one year
Repayment: Month
Easy access to financial assistance without stress
Minimal interest rate
Q: Does the beneficiary need to have his/her salary account domiciled with Consumer MFB?
A: No.
Q: Who can benefit from Payday Loan?
A: Staff of Government Ministries, Parastatals and establishments where loan disbursement approvals have been received.
Q: How long does it take to access a fast cash loan?
A: 24hours

Agriculture is the mainstay of any economy and is fundamental to the socio-economic development of any nation. This is why Consumer MFB designed Agric Loan to finance the farming activities of individuals, group or corporate organizations. The repayment schedule is designed to suit the seasonal nature of such activities.• Targeted at farmers’ cooperative societies/ farmers groups to meet their financial needs
• Facility range: N50,000 (minimum) to N500,000 (maximum)
• Methodology: Individual, group and cooperative
• Duration: 1-12 months
• Grace period: 30-60 days
• Prospective clients must be practicing farmers with verifiable evidence of existing farm investments.
• Counter guarantee of members of the Cooperative Societies (Joint and several liability of members).
• Cooperatives must be at least 6 months old of being registered with Registrar of Cooperatives.
  • No collateral
  • Provides capital for farming activities
  • Flexible repayment structure
  • Low interest rates
  • Expert financial advice available
• Duly opened current account
• Duly completed application form
• 2 guarantors or group guarantee
• 2 recent passport-size photographs
• Current utility bill
• A valid means of ID (national ID, driver’s license, voter’s card, international passport)

This loan facility is ethical, accessible and designed to work strictly with cooperatives. It is tailored specifically to meet the needs of members of cooperative societies irrespective of size. The members of the cooperative have access to individual loans but must however cross-guarantee each other. This means that a default by a single person reflects on all the members of the group.
Facility range: N50,000 (minimum) to N200,000 (maximum)
Methodology: Individual lending but group liability
Duration: 6 months
Grace period: 2 weeks
Repayment frequency: Weekly
Clients must belong to a group and meet weekly
Duly completed application form
1 guarantor and group guarantee
2 recent passport-size photographs
Duly opened current account.
No collateral
Access to funds for business expansion
Flexible repayment structure
Training on basic financial management, business planning and customer relations
Low interest rate
Q: How do I join a group?
A: You locate a Consumer MFB group around where you live or do business.
Q: Can the sales rep./relationship officer locate a group for me?
A: No. According to Consumer MFB’s policy, a staff isn’t allowed to direct you to a group to join.
Q: Can I start a group?
A: Yes.
Q: What happens in the event that a group member defaults?
A: The group members will bear the liability

CMFB Personal Loans are customized loans built to meet the specific needs of our customers. Our personal loans options are below. Each is offered with highly competitive rates and flexible terms
This is a credit line which provides you with instant borrowing power. By simply writing a check and an application letter, you can request cash when you need it. Qualified collateral may be required to secure your personal line.
Facility range: N10,000 (minimum) to N500,000 (maximum)
Methodology: Individual
Duration: 3-6 months
Grace period: 1 month
Access to a loan to fund your emergency financial needs
Takes less than 48 hours to disburse if all documentation is provided.
Flexible repayment structure
Low interest rate
You must have salary account or have been involved in loan with consumer with excellent repayment in the past.
Duly completed application form
2 guarantors or letter from employer
Satisfactory collateral
Overdraft is an individual loan product designed by Consumer MFB to assist clients with both business and household emergencies. Overdraft enables clients have access to funds for emergencies at a very low interest.
Facility range: N500,000 maximum
Methodology: Individual
Duration: 1-30 days
Access to funds in emergency situations
No collateral
Competitive interest rate
Flexible and convenient repayment structure
Loan application letter
Duly completed application form
2 recent passport-size photographs

Consumer MFB Leasing product is designed to enable our customers purchase home appliances of their choice and pay conveniently over a period of time. This product is available to both Salary earners and non Salary earners alike.
50% upfront payment for those in the market and 30% for Salary account holders
Repayment tenor is 6 months for salary accounts and 3 months for non salary accounts.

Duly completed hire purchase form and loan application form
Upfront Payment of the Customer’s contribution
Upfront payment of Hire Purchase fee of N2,000
Post dated cheques in the name of Consumer MFB for the repayment period if no salary domiciliation.
Comprehensive insurance of the item Purchased with Consumer MFB as the first loss payee
Buy now and pay in installment up to 6months for salary accounts and 3months for non salary accounts
Minimal Interest Rate
1 year Warranty
Installmental payment (3-6 months)
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