Our Loan Services
NNMFB Provides Loan services to individuals who are Salary Earners and also businesses owners.
SAFE SAIL LOAN(for naval personnel)
TARGET MARKET:
OFFICERS AND RATING OF THE NIGERIAN NAVY
Requirements are:
• Last 3 months statement of account.
• Tenor for this product is 6,12,18, 24 months.
• Direct deduction from source. (Salary)
• A customer is availed 1/3 of their annual net pay.
Salary Advance Loan
TARGET MARKET:
OFFICERS OF THE NIGERIAN Army, Air Force, Paramilitary and Salary earners
Requirements are:
- Last 3 months statement of salary account.
- Naval Commission officer as Guarantor
- Direct deduction from source.
- Six (6) Signed Undated Cheque Slips
- Tenor: maximum 1-6 months with rollover option.
- Customer is availed 100% of monthly salary not impaired by any other loan.
Business Expansion Loan
TARGET MARKET: SME
Features/Requirements
- Customer must have been in the same line of business for at least 2 years.
- Customer must maintain an account with NNMFBL and must have operated such account satisfactorily for 6 months.
- 2 guarantors who must provide an ID, passport photograph and undated cheque.
- Letter of pledge and trust
- Credit life insurance
Salary Advance For Civilian Staff
TARGET MARKET: Civilian Staff Of Partner Institution
Features/Requirements
- Customer must have been a Staff of one of our Partner Company (NBCCL, ADUN, NUA,NNMCSL etc.) for at least 2 years.
- Customer must maintain an account with NNMFBL and must have operated such account satisfactorily for 6 months.
- 1 guarantor Commission Officer or any Management Level Staff who must provide an ID, passport photograph.
- Employment Letter
