Full List Microfinance Banks That Gives Loan in Nigerian

Microfinance banks (MFB) thrive on assisting those who are “unbankable.” As a result, they give services to persons who are unable to use traditional commercial banks. Essentially, they attend to all of a person’s immediate and foreseeable requirements. This article is Full List Microfinance Banks that gives loan in Nigeria.

Low-income earners, particularly those without high-value assets required to secure loans from traditional banks, are the major customers of microfinance banks. Salary earners are one of the key services given by these institutions. There are MFBs that provide loans to salaried individuals with the option of repaying the loan at a later date.

This article consists of a list of microfinance banks that provide wage earners with loans or salary advances. If you’re interested in purchasing one, simply choose your desired option from the list below.

Full List Microfinance Banks That Gives Loan in Nigerian

The following is a list of some of the most well-known microfinance institutions that provide loans to salaried individuals:

  • Supreme Microfinance Bank
  • Surbpolitan Microfinance Bank
  • Susu Microfinance Bank
  • Touchgold Microfinance Bank
  • Townserve Microfinance Bank
  • Treasures Microfinance Bank
  • TCF Microfinance Bank
  • Ultimate Microfinance Bank
  • Lapo microfinance bank
  • Purple money microfinance bank
  • CIT microfinance bank
  • AB Microfinance bank
  • Grooming microfinance bank
  • Addosser Microfinance bank
  • Asset Microfinance bank
  • Bowen Microfinance Bank
  • Capstone Microfinance Bank
  • Cardinal Rock Microfinance Bank
  • Cashconnect Microfinance Bank Ltd
  • Cedar Microfinance Bank
  • Chanelle Microfinance Bank
  • CIT Microfinance Bank
  • Corestep Microfinance Bank
  • Cowries Microfinance Bank
  • Credit Afrique Microfinance Bank
  • Credit Express Microfinance Bank
  • Crossover Microfinance Bank
  • Daylight Microfinance Bank
  • Desmonarchy Microfinance Bank limited
  • Echo Microfinance Bank
  • Edo Microfinance Bank
  • Empire trust Microfinance Bank
  • Enrich Microfinance Bank limited
  • FFS Microfinance Bank
  • Finatrust Microfinance Bank
  • Finex Microfinance Bank
  • Purple money Microfinance Bank
  • Rhehoboth Microfinance Bank
  • Renmoney Microfinance Bank
  • Ric Microfinance Bank
  • Richway Microfinance Bank
  • Pyramid Microfinance Bank
  • Qube Microfinance Bank
  • Reliance Microfinance Bank
  • Rigo Microfinance Bank
  • Royal blue Microfinance Bank
  • First Option Microfinance Bank
  • Flourish Microfinance Bank
  • Fortress Microfinance Bank
  • Giant strides Microfinance Bank
  • Global Initiative Microfinance Bank
  • Glory Microfinance Bank
  • Green energy Microfinance Bank
  • Hackman Microfinance Bank
  • Headway Microfinance Bank
  • High street Microfinance Bank
  • GTI Microfinance Bank
  • IBILE Microfinance Bank
  • Ipodo-Ikeja Microfinance Bank
  • Island Microfinance Bank
  • Jessefield Microfinance Bank
  • Kayvee Microfinance Bank
  • Kudimoney Microfinance Bank
  • Lawebod Microfinance Bank
  • Leadcity Microfinance Bank limited
  • Letshego Microfinance Bank
  • Lifegate Microfinance Bank
  • Links Microfinance Bank
  • Magnet Microfinance Bank
  • Main trust Microfinance Bank
  • Mainstreet Microfinance Bank
  • Manny Microfinance Bank limited
  • Lovonus Microfinance Bank
  • Maritime Microfinance Bank
  • Sunrise Microfinance Bank
  • VCL Microfinance Bank
  • Verdant Microfinance Bank
  • Verite Microfinance Bank
  • VFD Microfinance Bank
  • Wesley Microfinance Bank
  • Vineland Microfinance Bank
  • Virtue Microfinance Bank
  • XSLNCE
  • YCT Microfinance Bank
  • Zikado Microfinance Bank
  • NPF Microfinance Bank
  • Okengwe Microfinance Bank
  • Oros Capital Microfinance Bank
  • Owotutu Microfinance Bank
  • Parallex Microfinance Bank
  • Parkway Microfinance Bank
  • Pecan Trust Microfinance Bank
  • Penny wise Microfinance Bank
  • Personal trust Microfinance Bank
  • Petra Microfinance Bank
  • Projects Microfinance Bank
  • Providence Microfinance Bank
  • Primera Microfinance Bank
  • Royal Exchange Microfinance Bank
  • Safe Gate Microfinance Bank
  • Seed Capital Microfinance Bank
  • Shalom Microfinance Bank
  • Shepherd Trust Microfinance Bank
  • Snow Microfinance Bank
  • Solid Allianze Microfinance Bank
  • Solid trust Microfinance Bank
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Are there any MFBs that do not provide wage loans?

In fact, most, if not all, microfinance banks provide loans to salaried individuals. Financial institutions, including commercial and microfinance banks, provide this basic service.

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What are the prerequisites for applying for an MFB loan for salary earners?

When applying for this loan, the most important criteria is that your pay account be domiciled with the bank. As a result, they may quickly deduct your loan payback when your wage is paid at the end of the month.

Furthermore, in order to obtain a certain quantity of loan, your earnings must be up to a certain amount. During the application process, they would offer you with all of your options.

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Conclusion

You can easily stroll into any genuine microfinance bank if you are a salary earner searching for a loan advance. Furthermore, these banks provide lending services at competitive interest rates that vary each bank.

Source: Nyscinfo

Updated: October 7, 2021 — 12:51 am

The Author

Stephen Adoga

Stephen Adoga is a trained journalist, researcher, creative writer, content creator, video editor and freelancer. He studied Mass Communication at the Lagos State Polytechnic, Ikorodu, where he acquired requisite training for the practice of journalism. He loves the media. His interest mostly lies in the print medium where his creative writing skill makes him a perfect fit.

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