MyOwn Loan

Your business needs cash flow, not complicated applications. My OwnLoan is a quick working capital for micro businesses - N50,000 to N499,999, no collateral required.

Benefit

• Quick turnaround time

• Easy loan procedure

• Competitive interest rate

• Opportunity to grow business with ACCIONMfB.

FEATURES

Access to loan for as low as N50,000 up to N499,999 at 1st cycle.

• No collateral required

• 4 to 12 months tenor

• Competitive Interest rate @ 6.5% reducing balance.

• Insurance fee of 1%.

• Admin fee of 1%

• Commitment fee of 1 %(Effective only if client fails to pick up a loan 3 days after approval).

• 20% for new clients, 10% for returning clients with A/AA scorecard, 15% for returning clients below A/AA scorecard, and 5% for clients on 8th loan cycle and above with scorecard rating of A/AA and above.