Personal LoanConsumer Products
Introducing GMB personal loan. The GMB Microfinance Bank “PERSONAL LOAN” is here to support individuals who is in need of funds to achieve their financial budget. The product is designed to operate on individual methodology? GMB MfBank is willing to support you with a credit facility up to N500,000 to achieve your goals.
At an affordable interest rate, Small and Medium Scale Enterprises (SMEs) can now maximize their potentials with the GMB MFB Business Loan for the expansion of their businesses..
For more information about the Business Loan,(SMEs) kindly contact us on: GMBMFB nearest to you or call (08033428691) or 08032617122
- Facility range: Up to N500,000 (maximum)
- Methodology: Individual
- Duration: 1-12 months
- Grace period: 1 month
- No collateral (Terms and Condition Applies)
- Access to funds for personal budget
- Flexible repayment structure
- 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)
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, and also one of the guarantors will provide undated check to us.
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