Micro Loans

Micro Loans

AB Microfinance Bank Nigeria offers entrepreneurs the opportunity to easily access loans in a quick, transparent and efficient environment.
Our expertise and international standards assure our clients of quality service and delivery. Loans currently range from N15,000.00 to N3 million; maximum maturity is 18 months; for larger loan sizes, please visit the SME section

Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.

No mandatory deposits/savings.
No audited financial statements required.
Flexible collateral arrangements depending on loan size (household goods, business equipment, goods in stock, vehicles, property etc.)
Flexible documentation requirements.
Long-standing clients with impeccable repayment record qualify for successive interest rate discounts and even faster loan processing.
No borrower groups - you are responsible only for your own loan.
Free SMS Reminder for your Monthly Repayments
Upon submission of all required documents, loan disbursement is guaranteed within 3 working days

ABN Micro Loan Products

ABN loans, “easy, fast and convenient”

AB Micro Business Amount Available Interest Payable (On reducing balance)
Flexi N15,000 – N100,000 6.6%
Plus N100,001 – N500,000 6.1%
Max N500,001 – N1,000,000 5.7%
Max Plus I N1,000,001 – N2,000,000 5.2%
Max Plus II N2,000,001 – N3,000,000 5.0%
Disbursement Fee 1% of Disbursed Amount (One-off charge)
Insurance Fee 1.5% of Disbursed Amount (One-off charge)

Other Loan Products


SME Loans

AB Microfinance Bank offers business owners of Small and Medium Size Enterprises the opportunity to access loan products in a quick, transparent and efficient way.
Learn More

Housing Loans

Get access to Housing loan without equity contribution or compulsory savings. What sets AB Microfinance Bank apart is primarily the efficiency and ease of access to credit facilities.
Learn More

Loan processing just got faster with our new digital field application