Asset Aquisitiion Loan

Duly completed account – opening form
2 Passport – sized photographs of the account holders and Parent/Guardian
Utility Bills
Indemnity Letter
Satisfactory evidence of identity(Driver’s License, National ID, Voter’s Card, Sworn Affidavit, Int. Passport, Tax Clearance)

Client brings the invoice of the Asset to be financed.
Payment is done directly to Vendor
Receipt bears the name of the MFB
Security deposit of 30% of the asset cost
Receipt for full payment is issued to customer upon full liquidation of the loan
Duration – 6 to 12 months as the case may be.
Post dated cheques to cover the repayment or Domiciliation agreement/guarantee signed by the employer and or, Bill of sales and daily/weekly contribution.