Loan Products

Amfb Term Loan Account

Amfb OverDraft Account

Amfb Salary Advance Product (ASAP)

  • Can access 30% of annual net salary
  • Interest Rate= 4% per month
  • Upfront Charges- 4% flat
  • If salary is not paid through AMFB, the receiving customer can give an ISPO (Irrevocable Standing Payment Order) as guarantee, besides one other personal guarantor who must be a senior officer than the receiving customer, preferably from grade level 12.

Amfb School Fees Bridging Facility

  • For an existing customer of NOT less than 3 months standing
  • Account to receive a regular lodgment
  • Save up to 50% of amount requested to qualify for facility
  • Interest Rate= 5% per month
  • Upfront Charges- 3%flat
  • Facility for maximum of 18 months
  • The receiving customer shall provide one guarantor
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Amfb Assests Acquisition Account

  • For an existing customer of NOT less than 3 months standing and salary earner or verifiable source of income
  • 30% equity contribution
  • Facility Not more than 180 days
  • Purchase receipt to be in joint names of AMFB/Customer
  • Original receipt to be in AMFB’s custody
  • Ownership is transferred to the customer upon liquidation of facility
  • Asset purchase will be from an accredited vendor for AMFB
  • Interest Rate= 5% per month
  • Upfront Charges- 5%flat
  • If salary is not paid through AMFB, the receiving customer can give ISPO as guarantee, besides other one personal guarantee.
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