Loan Products

  • Agric Loans
  • Ini Housing Loan
  • Esusu Micro Loan
  • Trade/Commerce Loan
  • Lease-Linked Loan
  • Civil Servant’s Welfare Loan....

Savings Products

  • Savings Account Individual
  • Savings Association
  • Savings Account Salary
  • Savings Account Pension
  • Savings Account Joint
  • Rural Business Plan

Demand Deposit

  • Personal Current Account
  • Salary Current Account
  • Corporate Current Account
  • Club Current Account
  • Association Current Account

Fixed Deposit

Fixed Deposit- These are tenured attractive interest yielding accounts with rates not more than 2% below the Monetary Policy Rate as regularly updated by Central Bank of Nigeria’s Monetary....

agriculture

Agric Loans

An agricultural loan is a loan facility which could be used to meet the cost of farming, cultivation and working capital activities for agro-business and associated activities.

This loan could also be used for purchase of equipment for farming and irrigation and other agricultural requirements.

Agricultural loans are generally low interest loans because of CBN’s interest rebate opportunities accorded to farmers who pay back within the stipulated tenor of the loans. that farmers can avail to run their farming business more effectively.

    • Access to Agric loan of up to N5million.
    • Collateral required.
    • Tenor 6 - 12 Months.
    • Competitive Interest rate at monthly declining balance.
    • Insurance premium of 2% of loan value for crops and 3% for livestock.
    • Admin fee of 1%.
    • Commitment fee of 1%.
    • Loan can serve as top up to an existing loan.
    • Easy Loan procedures.
    • Affordable and convenient loan repayment schedules.

Ini Housing Loan

We help low income earners or the active poor to own houses of their own.

We help them to manage their resources so that they can run their businesses concurrently as well.

We have very flexible interest rate and well structured plan for every individual such as

    • Access to housing loan of up to N1million
    • Collateral required
    • Tenor 12 – 24 months
    • Competitive Interest rate @ 4% monthly declining balance.
    • Admin fee of 1%
    • Commitment fee of 1%
    • Loan can serve as top up to an existing loan
    • Easy Loan procedure
    • Affordable and convenient loan repayment plans.
house
esusuloan

Esusu Micro Loan

This product is meant for our ‘daily savings’ customers to access loan in cycles of N5,000 to N50,000 to boost their businesses.

    • Tangible Collaterals replaced with guarantees.
    • Tenor up 6 to 12 months.
    • Competitive Interest rate @ 4% monthly declining balance.
    • Admin fee of 1%, Commitment fee of 1%
    • Loan can serve as top up to an existing loan
    • Easy Loan procedure
    • Affordable and convenient loan repayment schedules.

Trade/Commerce Loan

This product is designed for artisans, traders, market women, etc for soft loans see details below:

    • No Collateral required
    • Tenor up to 6months to 1Year
    • Competitive Interest rate @ 4% reducing balance monthly
    • Admin fee of 1%, Commitment fee of 1%
    • Loan can serve as top up to an existing loan
    • Easy Loan procedure
    • Affordable and convenient loans
trade and commerce
lease

Lease-Linked Loan

LEASE-LINKED LOAN simply means a method of providing finance where INI MFB buys the asset for the user, operator, etc and rents it to him/her for an agreed period. INI MFB is known as the lessor and the user is known as the lessee. The asset belongs to the lessee after the last instalment is paid in full.

Features:

    • The Moveable Assets serve as collateral.
    • Tenor up to 6 to 12 months.
    • Competitive Interest rate @ 4% monthly declining balance.
    • Admin fee of 1%, Commitment fee of 1%
    • Loan can serve as top up to an existing loan
    • Easy Loan procedure
    • Affordable and convenient loans
    • Ownership is transferred after the last installment.

Civil Servants’ Welfare Loan

Loan product designed for our customers whose salaries are domiciled outside INI MFB.

    • Guarantees replace tangible collateral.
    • Tenor 6 to 12 months.
    • Competitive Interest rate @ 4% monthly declining balance.
    • Admin fee of 1%, Commitment fee of 1%.
    • Loan can serve as top up to an existing loan.
    • Easy Loan procedure.
    • Affordable and convenient loan repayment schedule.
    • Letter of first engagement and confirmation are required.
    • Evidence of age.
    • Staff Official ID Card
beautiful young afro american businesswoman sitting in office
personal-loan

Personal Loan

This product is designed for individual customers with peculiar exigencies.

    • Collateral required.
    • Tenor up to 6 to 12 months.
    • Competitive Interest rate @ 4% monthly declining balance.
    • Admin fee of 1%, Commitment fee of 1%
    • Loan can serve as top up to an existing loan
    • Easy Loan procedure
    • Affordable and convenient loan repayment schedules.

Education Loan

Education loan is strictly for Educational purposes, either formal or informal. We assist especially those in Institutions of Higher of learning. The features are:

    • Collateral required
    • Competitive Interest rate @ 4% reducing balance monthly
    • Admin fee of 1%, Commitment fee of 1%
    • Loan can serve as top up to an existing loan
    • Easy Loan procedures
    • Affordable and convenient loan repayment schedules.
Educational loan (2)
lend

Rural Business Plan

This loan product is designed to carter for the needs of the rural dwellers who though poor, but are economically active. Through group formation, they cross-guarantee one another up to 5 million Naira.

    • Both farmers and Traders can form their allied groups to access the loan.
    • No collateral
    • Competitive Interest Rate of 4% monthly declining balance.
    • No Admin and commitment fees.
    • Incremental cycles.
    • Easy loan procedures.
    • Affordable repayment loan schedules.