Assets Microfinance Bank Increases Workers’ Access to Credit

Assets Microfinance Bank has launched a new loan product called Assets Salary Plus Loans. It is designed to make it simpler and cheaper for salary earners to meet their needs in light of the challenging economic conditions in Nigeria.

The Deputy Managing Director of Assets Microfinance, Obinwanne Mordi, said that the bank is committed to providing accessible, reliable, and convenient financial services to individuals and businesses. He also said that the new loan product is in line with this mission, as it will help salary earners to get affordable loans at a highly competitive rate.

Features of Assets’ Salart Plus Loan

1.Available to Salary Earners

The Assets Salary Plus Loans are available to salary earners who have a regular income and a good credit history. To apply for a loan, borrowers will need to submit their employment details, salary slips, and bank statements. The bank will then assess the borrower's creditworthiness and determine the loan amount and terms.

2.It can be used for a variety of purposes

Borrowers can use the Assets Salary Plus Loans for a variety of purposes. This may include paying for unexpected expenses, consolidating debt, or financing a major purchase. The loans have a flexible repayment schedule. Borrowers can choose to repay the loan over a period of 12 to 60 months.

The launch of the Assets Salary Plus Loans is a welcome development for salary earners in Nigeria. It will give them access to affordable financing options. The loans can help borrowers to meet their financial needs and improve their quality of life.

How to apply for the Assets Salary Plus Loans

To apply for the Assets Salary Plus Loans, borrowers can visit any Assets MFB branch or apply online through the bank's website. The application process is simple and straightforward. Borrowers will receive a decision on their loan application within a few days.

Requirements for applying for the Assets Salary Plus Loans

1. Be a salary earner with a regular income.
2. Have a good credit history.
3. Submit employment details, salary slips, and bank statements.

Benefits of the Assets Salary Plus Loans

1. Flexibility: The loans have a flexible repayment schedule, so borrowers can choose to repay the loan over a period of 12 to 60 months. This gives borrowers the flexibility to manage their monthly repayments and avoid financial strain.
2. Accessibility: The loans are available to salary earners with a regular income and a good credit history. This makes them accessible to a wide range of borrowers, including those who may have difficulty obtaining loans from traditional banks.
3. Variety of uses: Borrowers can use the loans for various purposes, such as covering unexpected expenses, consolidating debt, or financing a major purchase. This gives borrowers the freedom to use the loan funds in the way that best meets their needs.

If you are a salary earner in Nigeria and you are looking for an affordable loan, the Assets Salary Plus Loans are a great option to consider. Visit nairaCompare to compare other salary loan options and select the one that suits your needs.