Ugborimili Microfinance Bank Nigeria offers entrepreneurs the opportunity to easily access loans in a quick, transparent and efficient environment.
Our expertise and international standards assure our clients quality service and delivery. Loans currently range from N15,000.00 to N3 million; maximum maturity is 18 months; for larger loan sizes, please visit the SME loan section
- No mandatory deposits/savings and no cash collateral required.
- No audited financial statements required.
- Flexible collateral arrangements depending on loan size (household goods, business equipment, goods in stock, vehicles, property etc.)
- Flexible documentation requirements.
- Long-standing clients with impeccable repayment record qualify for successive interest rate discounts and even faster loan processing.
- No borrower groups – you are responsible only for your own loan.
- Free SMS Reminder for your Monthly Repayments
Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.
Are you interested? Simply come to one of our branches and meet our friendly loan officers for a proposal.
| UGBORIMILI MICRO LOANS | ||
|---|---|---|
| NAME | AMOUNT AVAILABLE | INTEREST PAYABLE |
| Business Flexi | N15,000 – N100,000 | 6.6% Interest (On reducing Balance) |
| Business Plus | N100,001 – N500,000 | 6.1% Interest (On reducing Balance) |
| Business Max | N500,001 – N1,000,000 | 5.7% Interest (On reducing Balance) |
| Business Max Plus I | N1,000,001 – N2,000,000 | 5.2% Interest (On reducing Balance ) |
| Business Max Plus II | N2,000,001 – N3,000,000 | 5.0% Interest (On reducing Balance ) |
| Disbursement Fee | 1% of Disbursed Amount (One-off Charge ) |