Micro Loans
Micro Loans
Balera MFB offers entrepreneurs including farmers the opportunity to easily access loans in a quick, transparent and efficient environment.
Our experience and credit standards assure our clients quality service and delivery. Loans currently range from N15,000 to N1,000,000; maximum maturity is 18 months for larger loan sizes.
Repeat customers can apply for up to N1,000,000 under micro loans. Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.
- No mandatory deposits/savings.
- No audited financial statements required.
- Flexible collateral arrangements depending on loan size (household goods,
business equipment, goods in stock, vehicles, property etc.) - Long-standing clients with impeccable repayment record qualify for successive
interest rate discounts and even faster loan processing. - Free SMS Reminder for your Monthly Repayments
- Upon submission of all required documents, loan disbursement is guaranteed
within 3 working days