Empowering Nigerian Entrepreneurs: AACB Microfinance Bank Limited

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AACB Microfinance Bank Limited, a beacon of financial inclusion in Nigeria, stands tall in its mission to support underbanked communities and fuel entrepreneurial dreams.

Licensed by the Central Bank of Nigeria, AACB empowers individuals and small businesses with accessible financial services, paving the path to economic prosperity.

Types of Loan Agencies

Navigating the lending landscape can be overwhelming. AACB simplifies it by offering diverse loan products through two distinct agencies:

Individual Loans: Designed for personal financing needs, covering education, medical expenses, and home improvement.

Group Loans: Cater to registered associations and cooperatives, promoting collective economic growth.

Tailored Solutions: Loan Products and Services

AACB doesn’t believe in one-size-fits-all solutions. Their loan portfolio caters to various needs, including:

Microloans: Small-scale funding for micro-entrepreneurs and individuals.

SMEs Loans: Supporting the growth and expansion of small and medium enterprises.

Asset Acquisition Loans: Enabling the purchase of essential assets like motorcycles, tricycles, or generators.

Agricultural Loans: Empowering farmers with resources for improved yields and productivity.

Eligibility Criteria

AACB understands that financial inclusion hinges on accessibility. Their eligibility criteria are transparent and inclusive, focusing on factors like:

Citizenship: Applicant must be a Nigerian citizen or resident.

Age: At least 18 years old with valid identification.

Business Activity: Demonstrated involvement in a viable business or income-generating activity.

Guarantor: Depending on the loan amount, a guarantor may be required.

Interest Rates and Fees

AACB is committed to transparent pricing. Their website clearly outlines interest rates and fees associated with each loan product, ensuring informed decision-making.

Repayment Terms and Conditions

Repayment terms are tailored to individual circumstances and loan purposes. Flexible options ensure manageable installments that align with borrowers’ income streams.

Customer Service

AACB values building relationships with their clients. Their dedicated customer service team is readily available to address inquiries, provide guidance, and ensure a smooth loan journey.

: Loan Application Process

Applying for a loan at AACB is simple and convenient. You can visit a branch, apply online, or contact their customer service for assistance. Required documents are clearly outlined, and the approval process is efficient.

Loan Repayment Options

AACB offers convenient repayment options to suit your needs. Choose from cash deposits at branches, mobile transfers, or electronic payment channels.


What documents are required for a loan application?

Documents vary depending on the loan type. Visit the AACB website or contact their customer service for a specific list.

Can I repay my loan early?

Yes, early repayment is encouraged and may reduce interest charges.

What happens if I miss a loan payment?

Contact AACB immediately to discuss options and avoid penalties.

Does AACB offer loan restructuring?

In cases of unforeseen circumstances, AACB may offer loan restructuring options.

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