Group LoanCredit Products
Group Loan is a credit product designed by GMB MfB to assist Groups of Business men and women to thrive in their businesses by granting them access to funds at a very low interest.
At an affordable interest rate, Small and Medium Scale Enterprises (SMEs) can now maximize their potentials with the GMB MFB Group Loan for the expansion of their businesses.
For more information about the Group Loan, kindly contact us on: GMB MFB nearest to you or call (08033428691) or 08032617122
- Facility range: N500,000 maximum (Per Member)
- Methodology: Group (Maximum of 5-10 people)
- Duration: 1-6 months
- Group Guarantee
- 2.5% Interest per Month
- Grace period: Negotiable
Benefits:
- Access to funds for Business
- No collateral (Terms & Conditions Apply)
- Competitive interest rate
- Flexible and convenient repayment structure
- Expert financial advice available
- Loan application letter
- Duly completed application form
- Group Guarantee
- Valid identification card (National ID, driver’s license, voter’s card or international passport)
- Current utility bill
- 2 recent passport-size photographs
1. Q: How long does it take to process this loan?
A: Less than a week if the group/clients makes the required documents available.
2. Q: Can the loan duration be extended?
A: Yes. The maximum duration is negotiable.
3. Q: Is there a limit to the number of facilities I can access in a month
A: Yes
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.
