Loan Product

Asset Loan

A credit facility to enable customers acquire assets of their choice, ranging from Electronics, Electrical appliances.



  • Application Letter
  • Duly Completed Loan Application Form.
  • Any other documents as might be required by the bank.

Features & Benefits

  • Customer must have banking relationship with GMFB for a minimum period of 3 Months.
  • Maximum Loan Amount, not exceeding #400,000
  • accessible in 2 buckets of 5 and 10 months (at the rates of 12.5% and 25% respectively for Individual).
  • Rate: 3% flat.
  • Credit life Insurance 2% flat
  • No collateral
  • Group-migrated customers must have completed a cycle of the Micro Credit while Individual customers present a 6 months activity report from any commercial Bank.