LOANS

Loans are typically issued by corporations, financial institutions, and governments. Loans allow for growth in the overall money supply in an economy and open up competition by lending to new businesses. Loans also help existing companies expand their operations.


Our individual loan offers a financial solution to entrepreneurs to enable them achieve their business goals. The growth of your business should not be constrained by lack of capital or collateral. We will assist you to grow your business to greater heights. The School Fees loan is a credit facility to enable parents and guardians to promptly pay their children’s school fees. The Small Enterprise Loan is for business owners to grow and develop their businesses. 


Our loans are tailored to the needs of entrepreneurs seeking to start, maintain and grow their businesses.


In business, sometimes you need a little more capital to expand your operation and meet your goals. Ibolo Microfinance Bank loan will help you maintain and grow your business along with free financial advisory services to manage your business and cash-flow. No amount is too little to reach your goal.

LET’S BUILD YOUR BUSINESS TOGETHER WITH IBOLO MICROFINANCE BANK LOANS!
TYPES OF LOANS
  • Loans (Personal)
  • Corporate Loan
  • Ibolo Easy Buy
  • Asset Financing
  • Ibolo Galaxy Loan
  • Overdraft Facilities
  • SME/MSME Funds
REQUIREMENT FOR APPLYING FOR A LOAN
Must be a customer of the bank Must operate a salary account with the bank RATE – Not available DURATION/TENOR – 1 year maximum
Targeted at organizations to meet staff salaries payments, working capital etc. RATE – Not available DURATION/ TENOR – 1 year maximum
This is to meet customers household items acquisition e.g. Fridge, Generator, Television, washing machine etc. RATE – 27% P.A. DURATION/ TENOR – 1 year maximum Targeted clients – All and Sundry
To meet company(ies) asset acquisition and or working capital RATE – 48% P.A. DURATION/ TENOR – 1 year maximum Customer equity/cost contribution – 30%
A savings account with the features of current account (overdraft account)
These are targeted to Salary Earners, Pensioners, Company, Executive Savings RATE – 27% P.A. DURATION/ TENOR – 1 month
These are funds to Kwara State Government (KWSG) on intervention funds, CBN, BOI and other donor agencies (National and International) RATE – Single Digit  DURATION/ TENOR – Not available