Consumption LoanConsumer Products

Consumption Loan is a product designed to provide existing and prospective clients of GMB MFB the capital to finance their heavy expenses like burial, wedding ceremonies etc. Consumption loan can be accessed by an individual who is a working class person with monthly or daily income salary.

At an affordable interest rate, GMB Microfinance Bank clients can now maximize their potentials with the GMB MFB Consumption loan to take care of your heavy expenses

For more information about the Consumption loan, kindly contact us on: GMB MFB  nearest to you or call (08033428691) or 08032617122

Loan Calculator
  • Facility amount up to 500,000
  • Methodology : Individual
  • Duration : 6 – 12 Months

    Benefits :

    • Access to funds for your expenses
    • Flexible repayment structure guaranteed
    • Expert financial advice is also available for you
  • Loan application letter
  • Duly completed application form
  • 2 guarantors
  • A valid means of ID (national ID, driver’s license, voter’s card or  international passport)
  • Current utility bill
  • 2 recent passport-size photographs

1. Q: Do I need collateral before I can access this loan?
A: No, you do not need collateral before you can access the loan, once you can provide 2 guarantors that can stand for you in case of default.

2. Q: Can I reduce the repayment duration?
A: Yes. You can reduce the repayment duration to the number of months that suits you.

3. Q: Is there any issurance on the loan?
A: The loan is insured against death, fire in the business place or disability.

how can we help you?

Contact us at GMB Microfinance Bank office nearest to you or submit an inquiry online.

GMB Microfinance Bank Ltd. have really helped us achieve our financial/business goals. along with fantastic advice support to ensure that our financial standing is stable.

Chairman/CEO, OGGO-KEM Telecomunication Ltd. Onitsha

Loans as at 2017

GMB Microfinance Bank is always here to serve you better