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.