Nestled within the heart of Abubakar Tafawa Balewa University (ATBU), lies a unique financial institution dedicated to fostering financial inclusion and propelling dreams forward: the ATBU Microfinance Bank.
As a microfinance bank operating in Nigeria, ATBU understands the specific needs and challenges faced by individuals and small businesses seeking financial support.
By offering an array of loan products and services, the bank empowers its clients to take control of their financial future.
Tailored Loan Solutions
ATBU Microfinance Bank caters to a diverse clientele, offering various loan agencies to match your specific needs:
Individual Loans: Designed for personal financial needs, these loans support expenses like medical bills, educational pursuits, or home renovations.
Group Loans: Fostering collective support, group loans enable individuals to access finance together, building on shared trust and accountability.
Small and Medium-Sized Enterprises (SMEs): Recognizing the vital role of SMEs, ATBU provides loans tailor-made to fuel business growth and expansion.
Loan Products & Services
Whether you’re an individual seeking personal advancement or an entrepreneur nurturing your business, ATBU offers a variety of loan products to match your goals:
Working Capital Loans: Bridge the gap between income and expenses, ensuring smooth business operations.
Asset Finance: Acquire essential equipment or vehicles to propel your business forward.
Investment Loans: Take your business to the next level with strategic investments backed by financial support.
Education Loans: Invest in your future or your loved ones’ education with accessible loan options.
To be eligible for loans from ATBU Microfinance Bank, you must meet specific criteria that vary depending on the loan type and your profile. Generally, these include:
Nigerian residency with valid identification documents.
Evidence of regular income or business activity.
Clean credit history (for individual loans).
Completion of relevant training programs (for some loan types).
Interest Rates & Fees
ATBU Microfinance Bank prioritizes transparency and fairness, offering competitive interest rates and clearly explained fees. The specific rates and fees associated with each loan product are readily available upon inquiry.
Repayment Terms & Conditions
Understanding that individual circumstances differ, ATBU offers flexible repayment terms and conditions. Loan repayment periods are tailored to your specific loan and ability to repay, ensuring manageable installments.
ATBU Microfinance Bank is committed to exceptional customer service. Their dedicated team provides personalized assistance throughout the loan application process and offers ongoing support to ensure your success.
Loan Application Process
As of now, online applications are not available. To apply for a loan, you can visit the ATBU Microfinance Bank branch in person. Their friendly staff will guide you through the application process, ensuring a smooth and efficient experience.
Loan Repayment Options
ATBU Microfinance Bank offers various convenient and secure loan repayment options, including:
Cash deposits at the bank branch.
Bank transfers through partner financial institutions.
Standing orders or direct debits from your bank account.
What documents do I need to apply for a loan?
The required documents vary depending on the loan type and your profile. Contact the bank directly for a comprehensive list based on your specific needs.
Can I track my loan application status online?
Currently, online loan application tracking is not available. Visit the bank branch or speak to a customer service representative for updates on your application.
Are there any prepayment penalties?
Early loan repayment policies vary depending on the loan type. Consult the bank directly for information specific to your chosen loan product.
What happens if I miss a loan repayment?
It’s crucial to make timely repayments. Late payments may incur penalties and could negatively impact your credit history. If you face challenges meeting your payment obligations, contact the bank immediately to discuss potential solutions