Loan Products

At AMfB, we offer a spectrum of Loan products tailored to our customers’ needs and lifestyle.

• ‘My Own’

  The AMfB ‘My Own’ loan product is a working capital loan designed for micro entrepreneurs and small business owners who desire to borrow for business purposes but lack conventional collateral to secure their loans.

  Benefits
  

  • Access to loans from N50,000
  • Flexible collateral requirements
  • Competitive interest rates
  • Fixed affordable repayments
  • Opportunity to access larger loans and longer tenures
  • No hidden charges
  • Dedicated loan officers

  
  Who qualifies?
  

  • Individuals who have been in business for at least 12 months
  • Demonstrates ability to repay
  • Can provide guarantors

  
  How do I apply?
  

  • Complete the AMfB loan application form which you may pick up from our loan officers or from any of our branches
  • Submit your application plus all supporting documents to the customer service officer in your branch

  
  What Documents do I need?
  

  • 2 completed guarantor forms
  • 2 Pass port size photographs
  • One of the following identification documents:
    • Valid Nigeria driver’s licence
    • National ID card
    • International Passport
    • Employer issued ID Card

• ‘My Own Plus’

  The AMfB ‘My Own Plus’ is a personal loan that gives you money when you need it most. It is a short to medium term payroll based loan that helps you pay for planned expenses such as investing in shares or unplanned expenses such as medical bills.

  Benefits
  

  • Access to loans from N50,000
  • Flexible collateral requirements
  • Competitive interest rates
  • Fixed affordable repayments
  • Opportunity to access larger loans and longer tenures
  • No hidden charges
  • Dedicated loan officers

  
  Who qualifies?
  

  • Individuals who have been in employment for at least 12 months
  • Demonstrates ability to repay
  • Can provide guarantors

  
  How do I apply?
  

  • Applicant completes the loan application form which may be picked up from loan officers or from the Customer Service Representative at the branch
  • The employee will provide an irrevocable letter of instruction to his/her employer to remit a total monthly credit amount to his AMfB Bank account.
  • The employee must have an account with AMfB through which repayment shall be channelled by the employer every month. This account could be used for other savings which will not be tied to the loan.
  • The employee should provide a letter from his employer confirming that the funds requested will be transferred to his/her account in AMfB every month.
  • Submit your application plus all supporting documents to the customer service officer in your branch

  
  What Documents do I need?
  

  • Preceding 6 months payslip or bank statement of account
  • Letter of employment from employer clearly stating unencumbered income
  • 2 Pass port size photographs
  • One of the following identification documents:
    • Valid Nigeria driver’s licence
    • National ID card
    • International Passport
    • Employer issued ID Card

• ‘Our Own’

  ‘Our Own’ is a working capital loan designed for micro-entrepreneurs who are members of a group or an association.

  Benefits
  

  • Access to loans from N50,000
  • Group members and group savings serve as collateral
  • Competitive interest rates
  • Fixed affordable repayments
  • Opportunity to access larger loans and longer tenures
  • No hidden charges
  • Dedicated loan officers

  
  Who qualifies?
  

  • Individuals who are registered members of a group or association
  • Members who have been in business for at least 12 months
  • Demonstrates ability to repay

  
  How do I apply?
  

  • Complete the AMfB loan application opening form which you may pick up from our loan officers or from any of our branches
  • Submit your application plus all supporting documents to the customer service officer in your branch

  
  What Documents do I need?
  

  • 2 Pass port size photographs
  • One of the following identification documents:
    • Valid Nigeria driver’s licence
    • National ID card
    • International Passport
    • Employer issued ID Card