Welcome Back to Merchants Microfinance Bank Limited
!
Merchants Microfinance Bank Limited Products
A brief
information about some of our products. Some of the reasons to choose our products.
(MSA)
- Saving part of your income for future need.
- Opening deposit as low as ₦1,000.00
- Interest on quarterly basis!
- Simple to open and easy to operate.
(MTS)
- A saving scheme that affords you the opportunity to save a fixed amount to meet specific needs.
- Opening deposit as low as ₦500.00.
- Interest rates 2% above savings rate.
(MDS)
- A thrift scheme to save a fixed amount daily.
- Opening deposit could be as low as ₦500.00.
- Minimum daily deposit of ₦200.00.
- 5% interest rate per annum, payable quarterly.
(MES)
- Designed to assist families save for their children's education during positive cash flow.
- Opening deposit as low as ₦500.00.
- Can be used as collateral for school fees loan.
- A hybrid savings account with a dual purpose.
- Opening deposit as low as ₦500.00.
- Save 50% of amount needed for loan and qulify for loan up to ₦50,000.00.
Scheme
- Designed to enable apprentice save towards the end of their apprenticeship.
- Opening deposit as low as ₦500.00.
- Save 50% of needed amount, we provide 50%.
Current Account
- Gives you access to all our loan products.
- Opening deposit as low as ₦2,000.00 (for individuals) and ₦5,000.00 (for companies).
- Can issue cheque to third parties.
- Account attracts zero COT.
- Opening deposit of ₦100,000.00 (individuals) and ₦200,000.00 (companies).
- Cash/cheque pick-up arrangement.
(MERL)
- Designed to enable customers purchase bicycles, tricycles, motocycles, cars, buses etc. for business purpose.
- Save 30% of asset cost while we provide 70%.