Question 1

What is FCMB Microfinance Bank?

Accepted Answer

FCMB Microfinance Bank Limited is a member of the FCMB Group Plc, licensed by the Central Bank of Nigeria. We focus on financial inclusion by providing accessible micro-lending and financial services to underserved communities, particularly women and micro-businesses.

Question 2

How can I apply for a loan?

Accepted Answer

You can apply through our website at loans.fcmbmfb.ng, or by visiting any of our branches. Our application process is simple and straightforward.

Question 3

What are the requirements for loan approval?

Accepted Answer

Requirements vary by loan type but generally include valid ID, proof of income, and business registration documents where applicable. Visit our Loans page for specific requirements.

Question 4

How long does loan approval take?

Accepted Answer

Most loans are approved within 24-48 hours after submitting all required documents.

Question 5

What interest rates do you offer?

Accepted Answer

Our interest rates are competitive and vary based on loan type and duration. Please visit our products page or contact us for specific rates tailored to your needs.

Question 6

Are my deposits insured?

Accepted Answer

Yes, all deposits with FCMB Microfinance Bank are insured by the Nigeria Deposit Insurance Corporation (NDIC), ensuring your funds are protected.

Frequently Asked Questions