Welcome to Firstmidas Microfinance Bank Limited

About Business Loan

This is a hybrid product that combines the attributes of savings along with micro loans.

This loan is suitable for traders and business persons with regular cash flow from their daily sales.

It’s an efficient and cheap financial source, which is very important for maintaining business profitability for small scale enterprises and imbibes culture of savings habit…

Our Loans are processed within twenty-four hour (24hrs) once you have your documentation completed.

Our Loan repayment terms and conditions are flexible.

Business Loan Products

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

Medical Emergency

Borrow Loan Company offers you business loan for your unexpected medical emergency.Get instant business loan for your all kind of medical emergency expenses.

Wedding Purpose

You can manage your deram marriage day with our business loan option. Have the wedding celebration of your dreams. Apply now business loan for wedding purpose.

Abroad Travel

Get the funds for the expenditure involved in going abroad for taking up employment. Manage your business with Borrow Company for fulfill your travelling to abroad.

Child Educations

We provides child loan for pursuing higher, We given the right tools to every potential child. Also, grant business loan for your child higher education.

Get financing for whatever you need now

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Features of Business Loan

All loans are not created equal, business loan has become a great option for people to use.

Faster Loan

For funding medical expenses, hospitalization, surgery, No collateral required. Firstmidas MFB gets you covered.

Choose your amount

All charges are communicated up front in writing along with the loan disbursement process.

Enjoy the best rates

Our loan rates and charges are very low.

Decide your tenure

Our loan runs with a maximum tenure of 12months.

Business Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a business loan.

Age

Maximum age of applicant at loan maturity: 60 years

Income

Applicant Monthly Income is assessed to ensure he/she has the capacity to repay the loan if granted.

Credit Rating

Applicant should have the bank specified credit score.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

You are liberty to make repayment before the due date. This improves your credit score with us and demonstrate your credit worthiness to receive higher loans and be among the preferential customers.

When you repay your first loan granted, the Bank does not hesitate to refinance your next loan as soon as possible. Customers with good credit rating are given higher preference and get higher Loans.

You can apply for loans at any given time.

We have our Head Office at No 2, Usi Road, P.O. Box 461, Ido-Ekiti, Ekiti State Nigeria.

Get a Quote

Now apply for a Car Loan online, All you need to do is provide your details below application form.