SME LOANS / PERSONAL LOANS

SME LOAN

Ultimate Microfinance Bank offers business owners of Small and Medium Size Enterprises the opportunity to access loan products in a quick, transparent, and efficient way. Irrespective of the sector your enterprise is operating in, we assure our clients the highest quality service and delivery.
What sets Ultimate Microfinance Bank apart is primarily the efficiency and ease of access to credit facilities. Documentation and collateral requirements are significantly more flexible than anywhere else in the Nigerian Microfinance banking sector. Upon submission of all required documents, loan disbursement is guaranteed within 72 hours. Additionally, there is an opportunity for a higher loan amount based on your repayment performance record.

Required Documentations:
Prove of business ownership and experience
A/C opening required
Viable business
2 Guarantor
Six month Statement of account
Current utility bill
A valid means of ID (National ID, Driver's License, Voter's Card or International ....Passport)
And any other document that might be requested for by Ultimate MFB

Fees:
Processing fee 2% of disbursed amount Legal fee 2% of disbursed amount Security / Equity fee 10% of disbursed amount (This Equity is owned by the customer but not accessible until last repayment date). Interest Rate Monthly interest rate of 4.5% flat rate for disbursed loans of any amount below #1 million. Repayment period minimum of 30 days

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

Target Market: Business

Coverage: Lagos and neighbouring towns in Ogun State.

PERSONAL LOAN

Ultimate Personal Loan is designed to assist individuals in fulfilling their financial needs. What distinctly differentiates Ultimate Microfinance Bank is the unparalleled efficiency and accessibility of its credit facilities.

Flexible Requirements:
....Documentation and collateral requirements at Ultimate Microfinance Bank are ....considerably more accommodating compared to other institutions in the Nigerian ....Microfinance Banking sector. This flexibility ensures that more individuals can ....access the funds they need without the stress of stringent requirements.

Quick Loan Disbursement:
....Once you submit all the necessary documents, you can expect a guaranteed loan ....disbursement within 72 hours. This swift process is designed to provide you with the ....financial support you need, right when you need it most.

Required Documentations:
A/C opening required
Viable business
2 Guarantor
Six months Statement of account
Current utility bill
A valid means of ID (National ID, Driver's License, Voter's Card or International ....Passport)
And any other document that might be requested for by Ultimate MFB

Fees:
Processing fee 2% of disbursed amount
Legal fee 2% of disbursed amount
Security / Equity fee 10% of disbursed amount (This Equity is owned by the customer but not accessible until last repayment date).
Interest Rate Monthly interest rate of 4.5% flat rate
Repayment period minimum of 30 days

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

Target Market: Individual

Coverage: Lagos and neighbouring towns in Ogun State.