Empowering Your Dreams: A Look at Above Only Microfinance Bank, Nigeria

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Looking for financial support to kickstart your business or manage personal needs? Above Only Microfinance Bank (AOMFB) might be the answer.

Operating in Nigeria, AOMFB aims to bridge the gap for individuals and small businesses seeking accessible and responsible financial solutions.

Let’s delve into their offerings and understand how they can assist you.

Understanding Microfinance

Before exploring AOMFB’s services, it’s important to comprehend what microfinance entails.

Microfinance focuses on providing financial services, especially loans, to low-income individuals and micro-entrepreneurs who often lack access to traditional banking systems.

AOMFB aligns with this mission, empowering individuals and fostering financial inclusion.

Loan Products and Services

AOMFB offers a variety of loan products tailored to your specific needs:

Individual Loans: Cater to personal expenses, education, medical needs, and more.

Microenterprise Loans: Support small businesses to expand, purchase equipment, or manage working capital.

Payroll Loans: Assist public sector employees with quick and convenient loan options.

Asset Acquisition Loans: Facilitate the purchase of assets like vehicles, generators, and other necessary equipment.

Student Loans: Help students finance their education with affordable loan options.

Eligibility and Requirements

Eligibility criteria vary depending on the specific loan product. Generally, you’ll need to be a Nigerian resident with a valid ID, proof of income, and sometimes collateral depending on the loan amount. AOMFB representatives can guide you through the specific requirements for your desired loan.

Interest Rates and Fees

AOMFB operates with transparent and competitive interest rates and fees. You’ll receive clear information about all associated costs before committing to a loan. Remember, interest rates may vary based on the loan type, amount, and your individual circumstances.

Repayment Terms and Conditions

Repayment terms are flexible and designed to suit your financial capacity. Discuss repayment options with AOMFB representatives to find a plan that aligns with your income and budget.

Customer Service

AOMFB prioritizes excellent customer service. Their experienced team is available to answer your questions, address concerns, and guide you through the loan application process.

Applying for a Loan

Currently, online applications are not available. Visit your nearest AOMFB branch to initiate the application process. Their friendly staff will assist you with completing the necessary forms and answer any questions you may have.

Repayment Options

Convenient repayment options are available, including cash deposits at any branch, ATM withdrawals using your AOMFB card, and online transfers through designated partners. Choose the method that best suits your needs and preferences.


What documents do I need to apply for a loan?

The required documents vary depending on the loan type. Generally, you’ll need a valid ID, proof of income, and sometimes collateral. Contact AOMFB for specific requirements.

Can I apply for a loan online?

Currently, online applications are not available. Visit your nearest AOMFB branch to initiate the process.

What are the interest rates and fees?

Interest rates and fees vary depending on the loan product, amount, and your individual circumstances. AOMFB representatives will provide clear information before you proceed.

How do I repay my loan?

You can repay your loan through cash deposits at any branch, ATM withdrawals using your AOMFB card, or online transfers through designated partners

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