Accion Microfinance Bank Provides Working Capital And Asset Finance Loan For SMEs

Certainly, gone are the days when anyone had to worry about how to get an instant loan.

Accion Microfinance Bank is established to economically empower micro-entrepreneurs and low-income earners. It aims to achieve this by providing financial services in a sustainable, ethical and profitable manner.

Instant Loan Offers From Accion Microfinance Bank

 

MY OWN LOAN

This is a working capital loan for customers who run micro-businesses.

Features

Access to loans from N50,000 to N399,000

No collateral needed

Four to 12 months tenure

Competitive interest rate at 6% reducing balance

Insured loan of 1%

An admin fee of 1%

A commitment fee of 1%

100% Equity contribution

 

Benefits

Firstly, there’s a quick turnaround time

Easy loan procedure

Competitive interest rate

Opportunity to grow business with Accion MfB

 

Requirements

Proof of business ownership and experience

Account opening required

Viable business

Guarantor

Other documents that might be requested for by Accion MfB

 

MY SME CAPITAL

This is working capital and asset finance loan for business owners of small and medium scale enterprises.

Features

4% interest rate @ reducing balance

1% Admin fees

Access to a loan of up to N10,000,000

A commitment fee of 1%

A loan backed by collateral

Tenure of up to two years

 

Benefits

Firstly, this package features a working capital and asset loan for SME operators

Monthly repayment plan

Also, it has competitive interest rate

Easy procedure of acquiring a loan

Opportunity to grow business with Accion MfB

 

Requirements

Proof of business ownership and experience of up to 24 months

Account opening required

Viable business

Guarantor

Other documents that might be requested for by Accion MfB

 

MY OWN LOAN PLUS

This is a working capital type loan that is available to customers who run Micro and Small businesses.

Features

Access to loan amounts from N400,000 to N1,000,000

Flexible collateral

Six to 12 months tenure

Competitive interest rate at 6% reducing balance

Insured loan of 1%

An admin fee of 1%

A commitment fee of 1%

10% Equity contribution

 

Benefits  

Firstly, a third party withdrawal

Furthermore, it is flexible and requires easy collateral

Also comes with a competitive interest rate

Finally, it comes with an opportunity to grow business with Accion MfB

 

Requirements

Proof of business ownership and experience

Account opening

Viable business

Guarantor

Other documents that might be requested for by Accion MfB

https://www.accionmfb.com

For more information about how to get funds for your business, click here.