Products / Loans / ABC Loan Account
ABC Loan Account
Grow Your Business with the Right Financial Support
Every successful business needs access to timely financing. The ABC Business Loan is designed to help entrepreneurs meet their business goals by providing convenient financing for business growth, working capital, inventory, and equipment.
Why Choose This Loan?
- Financing tailored for small and medium-sized businesses
- Supports business expansion and working capital needs
- Simple application and approval process
- Dedicated support from our lending team
Loan Details
| Maximum Loan Amount | Up to ₦2,000,000 |
| Loan Tenure | 6 Months |
| Interest Rate | 24% (6-month tenure) |
| Annual Interest Rate | 48% per annum |
| Management Fee | 1% |
| Guarantors | Two (2) Acceptable Guarantors |
| Minimum Opening Balance | ₦2,000 |
| Minimum Operating Balance | ₦1,000 |
Requirements
- Three (3) recent passport photographs
- National ID Card
- Valid National Identification Number (NIN)
- Recent utility bill
Ready to Apply?
Visit any First Royal Microfinance Bank branch today and speak with one of our loan officers. We're committed to helping your business achieve sustainable growth.
Apply for ABC Loan