MyOwn Loan Plus

Scale your business beyond limits. 

Benefits

• Third party withdrawal available

• Flexible and easy collateral

• Competitive interest rate

• Opportunity to grow business with ACCIONMfB

• Reduction in interest rate by 0.5% for non defaulting existing clients with a minimum of A or AA credit score rating. Can be accessed from 3rd loan cycle subject to loan amount

Features

• Access to  higher loan amounts of N500,000 to N1,999 million

• Flexible collateral required

• 6 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.