About FIRMUS CLUSTER LOAN (Weekly Repayment repayment)

Repayment is weekly (Principal + interest) Repayments must not exceed 4 month amounting to 16 weeks (weekly) REQUIREMENTS Execution of FirmusMFB loan application forms Provision of one guarantor KYC pictures on Guarantors Addresses. Valid ID for both applicant and guarantor (NIN is compulsory). Utility Bill for both applicant and guarantor. Execution of Offer letter. Execution of Guarantor Agreement" Rate-4% Flat (monthly) + 1% compulsory savings on principal disbursed (100K to 400K) Rate-5% Flat (monthly) + 1% compulsory savings on principal disbursed (410k to 500K) 3% upfront fee

Requirements for loan

• 2 recent passport photographs of guarantor(s)
• Statement of account for a minimum of 6 months and pay slips covering an equivalent period for salary earning borrowers
• Proof of residential address (utility bills, tenancy agreement)
• Recent Passport Photograph
• Copy of official ID cards of the guarantor
• Valid means of ID - a voter’s card, international passport or a driver's license
• Statement of account for a minimum of 6 months and pay slips covering an equivalent period for salary earning guarantors
• 1 guarantor (valid id ,1 passport, house utility)
• Utility bill of guarantor(s)
• Work ID (for salaried individuals only)

States Covered