This loan product is designed to operate on a group (union) methodology. A union is a self-selected group of people who access loans individually, but have group guarantees. Regular Loan is created to help meet the working capital needs of clients that run small businesses.
Facility range: N30,000 (minimum) to N150,000 (maximum)
Assets be bought in the name of the Nuggetsmfb.
Methodology: Individual lending but group liability Duration: 8 months
Charitable Trusts
Grace period: 2 weeks
Repayment frequency: Weekly
Clients must belong to a union
No collateral
Access to funds for business expansion
Access to other business loan products to strengthen client’s enterprise, e.g. Mid-term and Asset loan.
Flexible repayment structure
Training on basic financial management
Training on basic financial management, business planning and customer relations
Low interest rate.
Expert financial advice available
Duly completed application form
2 guarantors
2 recent passport-size photographs
Current electricity bill
A valid means of ID (national ID, driver’s license, voter’s card or international passport).
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.
To Qualify for a loan, you must be:
⇒ Be between 25 – 59 years old
⇒ Have a verifiable source of income
⇒ Live and / or work in cities where we operate
⇒ Have a savings or current bank account with any commercial bank
Click on the link below to apply for loan online.
Loan Application Form
You can get up to N5Million for 12 months.
Your loan process can be completed in 48 hours provided all documents are valid and presented on application.
You Need Your:
1. Bank Statement
2. A Government issued ID card
3. Utility bill (optional)
Based on the documents provided by you, you do not meet the full requirements to access a loan.
Our maximum loan repayment tenure is 12 months.
Once your application is approved, you will receive funds within 24-48 hours.
You must be over 25 years and have a regular source of income to apply for a loan.
Cash Deposit or Transfer into any of these designated accounts:
Bank:
Bank:
Cheques: The cheques deposited as part of your loan documentation will be presented to your bank on your due date. Please make sure you have enough funds to cover repayment.
Now apply for a Loan online, All you need to do is provide your details below application form.
