You are currently viewing Viscount MFB Payroll Loan

Viscount MFB Payroll Loan

Lender

Viscount Microfinance Bank Ltd

Eligibility

For staff of Nigerian Prisons, Civil Defence, Customs, Immigration, Police, Army and Navy. Staff of other organizations are required to bring a letter of introduction from their employer or Head of Department to show that the applicant is their staff.

Loan Limit

Maximum Limit: the loan size is between N70,000 and N1million.

Interest Rate

Interest Rate: 4% upfront and 4% every month on the initial principal.

Max Tenor

The repayment period is a maximum of: 12 months. Repayment shall not exceed 30% of net monthly income

Security Required

Direct debit mandate from IPPIS or remitta arrangement. No additional security.

Documents Required

3 months salary account bank statement.
Introduction letter from employer or Head of Unit
Passport
IPPIS Number
Valid means of identification

Approval Time

About 5 hours from the time you submit all the required documentation

Thinking About Repayment Plan?

Calculate the monthly payment and overpayment for the loan
10 00010 000 000
160
050
 
 
 

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This Post Has One Comment

  1. Joseph Ajayi

    Please I need loan from your organization

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