Tutorial on How to Apply for Loan in AB Microfinance Bank
Tutorial on How to Apply for Loan in AB Microfinance Bank. As a matter of fact, The least amount you can borrow from AB Microfinance Bank is N15,000, the highest is N30,000,000. However, it doesn’t mean that you can receive such a loan at once when you come to the Bank. The amount they give to clients depends greatly on clients’ ability to pay back the loan in the estimated time and in full.
These loans are not given for just any purposes. They are given to businesses that have been operating for some time. Of course, if you get such a loan, you will need to prove that you will spend it on the purpose or purposes it is meant for.
HOW TO APPLY
On the official website of AB Microfinance bank, you will see the online application options, just click and apply this way. The system will ask you for some information on your business and once you submit them, the next stage will begin.
The second stage is the approval of your data. Your approval process begins as soon as you submit the required information and documents.
You will receive your loan within 48 hours after your application has been verified and approved.