Loan Products

TARGET MARKET:

OFFICER’S AND RATING OF THE NIGERIAN NAVY

Requirements are:
• Last 3 months pay slip.
• Last 3 months statement of account.
• Tenor for this product is 12 months.
• Direct deduction from source. (Salary)
• A customer is availed 1/3 of their annual net pay.

This product is to meet the urgent financial needs of Naval Personnel

TARGET MARKET:

OFFICERS OF THE NIGERIAN Army,Air Force, Palamilitry and Salary earners

Requirements are:

  • Last 3 months statement of salary account.
  • Naval Commision officer as Garantor
  • Direct deduction from source.
  • Six (6) Signed Cheque Slips
  • Tenor: maximum 1-6 months with rollover option.
  • Customer is availed 100% of monthly salary not impaired by any other loan.

TARGET MARKET:

SMALL AND MEDIUM ENTERPRISES

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

Deposit Products

These are savings products that individuals and organizations can benefit from. They allow individuals and organizations to safely keep their earnings comfortably and more easily engage in the transactions their businesses require. These products enable our customers to enjoy credit interests.

Features

  • Minimum opening balance of N3,000.00.
  • Minimum operating balance of N500.00
  • Allows Intersol withdrawals from any NNMFBL Branches. Accompanying Documents
  • Minimum opening balance of N2,000.00.
  • Means of identification (National ID, International passport, driver’s license)
  • Two passport size photographs of Applicant

Next Steps
To open a personal Savings account, Download the Individual Account Opening Form Below:

With NNMFBL’s current account, you just can’t go wrong. You can carry out unlimited 3rd party transactions seamlessly and enjoy the inherent benefits.

 Features

  • Minimum opening balance of N5,000 for individuals and N10,000 for corporates
  • No limit of withdrawals in a month
  • Funds transfer and bank cheques/drafts allowed on account
  • Inter-branch transactions – account owner and third parties are allowed.

Benefits

  • No restrictions the on number of withdrawals
  • Access for any of the numerous bank’s products
  • Can be used to access loans
  • Issuance of cheque books valid for clearing nationwide Accompanying Documents 
  • Duly completed Account Opening Form
  • Two (2) recent passport sized photographs
  • Address verification document e.g Utility Bill
  • Valid means of identification: National ID card, International Passport or Driver’s License

Next Steps
To open a personal Current account,

  • Download the Individual Account Opening Form
  • For Corporate account holders, download the Corporate Account Holder Form
  • Complete the form and submit at the nearest NNMFBL branch

It is an investment account with a specific amount invested at an agreed interest rate and tenor. Based on customer’s instructions, at the end of the agreed period (tenor), the investment can either be rolled over (re-invested) or liquidated (returned to the customer) with the interest amount earned.

Features

  • Investment period (tenor) is a minimum of 30 days and a maximum of 360 days.
  • Minimum opening balance of N100, 000

 Benefits

  • The account can be terminated at the customer’s discretion
  • Attractive Interest rate

These are savings products that individuals and organizations can benefit from. They allow individuals and organizations to safely keep their earnings comfortably and more easily engage in the transactions their businesses require. These products enable our customers to enjoy credit interests.

  Features  

  • Minimum opening balance of N2,000.00.
  • Minimum operating balance of N1,000.00
  • Allows Intersol withdrawals from any NNMFBL Branches.

Accompanying Documents

  • Minimum opening balance of N2,000.00.
  • Means of identification (National ID, International passport, driver’s license)
  • Utility Bill of Applicant (AEDC bill, Water rate bill, Tenement rate, Rent receipt)
  • Two passport size photographs of Applicant

 Next Steps 

To open a personal Current account,

  • Download the Individual Account Opening Form
  • For Corporate account holders, download the Corporate Account Holder Form
  • Complete the form and submit at the nearest NNMFBL branch

NNMFBL has created an exciting new account for children aged 0-12, called Kiddies Account.  We take young customers seriously, so we’ve overhauled our entire children’s offering to serve them better

Features

  • The account is opened in the child’s name and operated by the parent/guardian.
  • Gift items & Scholarships
  • Minimum account opening/operating balance of N1,000

Benefits

  • Trendy gift item for the child when the account is opened with a minimum of N10,000.00.
  • Standing order on the payment of tuition/other fees.

Mobile Banking

We have acquired a mobile banking application through which our customers can transfer funds
from their account to bank accounts in any commercial bank in Nigeria as well as make payments such as

  • Purchase recharge card
  • Pay DSTV Subscription
  • Pay GoTV Subscription
  • Pay AEDC Bill

Fund Transfer

Our banking application has the capacity to make a transfer to any commercial bank in Nigeria. Or customers can also make a deposit into their accounts with us from any branch of our correspondent bank.