Gainfully employed individuals or Business Owners between ages 18-60
Nigerian
You must have a verifiable source of income.
You must have been in the business/employment for a minimum period of six (6) months at the same location/organisation.
The loan application takes less than 48 hours depending on the type of loan.
You can assess between #100,000 to #10,000,000 subject to assessment.
Repayment period is between 1-24 months.
You can repay by making a transfer from any of your commercial Bank account to your UNILAG MFB account.
You can also make direct cash deposits at our Bank or Standing Order processed via Remita.
We encourage you to cultivate a savings habit, However, you do not have to save to qualify for a loan.
Yes, Salary earners with verifiable salaries are also eligible for a loan.
Interest rate varies between 3-5% depending on loan product and risk type.
Yes, you can pay it off.
Education Loan (for University of Lagos programs), Business Loan (SME)
- Valid means of
- Identification
- Passport Photographs
- Utility Bill
- #2,000 minimum balance
Deposits can be made through available channels:
- Internet Banking transfer from all commercial Banks in Nigeria.
- Correspondent Banks from our partner Banks.