FIRMUSMFB LOAN TERMS AND CONDITIONS

Personal Loan

  • Rate-0.34% daily with Upfront fee of 4% to be transferred before disbursement.
  • FirmusMFB Current Account opening – N8,000.00 (Non Refundable)
  • Execution of FirmusMFB Loan application forms
  • Execution of FirmusMFB Guarantor(s) form
  • KYC pictures on Applicant and Guarantors Addresses (Home and Office) and execution of site verification form
  • Valid ID and Work ID for both applicant and guarantor.(NIN and Intl Passport Compulsory)
  • Utility Bill for both applicant and guarantor.
  • Provision of 2 active statement of account from applicant
  • Provision of 2 active statement of account from guarantor(s)
  • Activation of NIBSS and remita on all active accounts provided by the applicant
  • Activation of NIBSS and remita on all active accounts provided by the guarantors
  • Execution of Offer letter.
  • Execution of Stock Hypothecation form
  • Active ATM card to activate RECOVA

 

S.M.E. Loan

  • Rate-0.34% daily with Upfront fee of 4% to be transferred before disbursement.
  • FirmusMFB Corporate Current Account opening – N20,000.00 (Non Refundable)
  • Execution of FirmusMFB Corporate loan application forms
  • Execution of FirmusMFB Guarantor(s) form
  • KYC pictures on Applicant and Guarantors Addresses and execution of site verification form.
  • Valid ID and Work ID for both applicant and guarantor. (NIN and Intl Passport Compulsory)
  • Utility Bill for both applicant and guarantor.
  • Complete CAC documents (Certificate, Memorandum of Association, form CAC7, form CAC 2)
  • Provision of 3 active statement of account from applicant (Corporate and personal Accounts)
  • Provision of 2 active statement of account from guarantor(s)
  • Activation of NIBSS and remita on all active accounts provided by the applicant
  • Activation of NIBSS and remita on all active accounts provided by the guarantors
  • Provision of cheques for repayment (where applicable)
  • Execution of Offer letter
  • Execution of Stock Hypothecation form
  • Active ATM card to activate RECOVA

 

School Fees Loan

  • Rate-0.34% daily with Upfront fee of 4% to be transferred before disbursement.
  • FirmusMFB Current Account opening – N8,000.00 (Compulsory)
  • Execution of FirmusMFB loan application forms
  • Execution of FirmusMFB Loan guarantor forms
  • KYC pictures on Applicant and Guarantors Addresses (Home and Office) and execution of site verification form
  • Valid ID and Work ID for both applicant and guarantor (NIN and Intl Passport Compulsory)
  • Utility Bill for both applicant and guarantor.
  • School Invoice/ Documents
  • Provision of 2 active statement of account from applicant
  • Provision of 2 active statement of account from guarantor(s)
  • Activation of NIBSS and remita on all active accounts provided by the applicant
  • Activation of NIBSS and remita on all active accounts provided by the guarantors
  • Provision of cheques for repayment from both applicant and guarantor
  • Execution of Offer letter
  • Active ATM card to activate RECOVA