Loan Product


Targeted at employee of reputable organizations and High Net-worth individuals (HNIs) who receive regular monthly salary.



  • Application Letter.
  • Duly completed loan application form.
  • Salary Account must be domiciled with Grooming MFB.
  • Confirmed staff whose salary have run for at least six months.

Features & Benefits

  • Duration: 12 Months.
  • Maximum Loan Amount of N2,000,000
  • School Must have a running account relationship with Grooming MFB.
  • Available to Private Schools that are duly registered with CAC with Government Approval.
  • School must have a minimum number of 100 students.
  • Rate: 3% flat.
  • Credit life Insurance 2% flat.
  • No collateral
  • Convenient for financing working capital
  • Flexible repayment structure