Loan And Advances

Personal Loan

This loan can be assessed by an individual.


I. Must have an account with the bank
II. Application letter (stating the purpose, tenor, amount and mode of repayment)
III. Duly completed Loan Application Form
IV. Duly completed Personal Guarantee Form
V. Submission of postdated cheques from applicant(s) & guarantors
VI. Passport photograph from applicant and each of the guarantors
VII. Six (6) months statement of account

Corporate Loan

This is a loan assessed by corporate organizations for business purposes


I. Account duly opened
II. Written application letter
III. Duly completed Loan Application Form
IV. Collateral
V. Board Resolution to borrow
VI. Personal guarantee with undated cheque
VII. Applicant’s 6 months statement of account

Fidfund Group Loan

This product enables customers to associate as a group for the purpose of accessing micro loans.
The number of customers for a group should be at least three but not more than ten persons.
The group members serve as joint and several guarantors for themselves.
The liability or default of any member or members becomes the joint responsibility of all other members.


I. Minimum of three (3) and maximum of ten (10) persons in a group
II. Each member of the group can access up to N500,000
III. Each member must be a customer of the bank
IV. Application letter
V. Duly completed Loan Application Form for each member
VI. Duly completed Group Cross Guarantee Form
VII. 15% cash collateral deposit by each group member

Fidfund Asset Acquisition Loan (Asset Lease)

This is a product that enables customers to acquire assets through a lease arrangement.
The asset includes: Television, sewing machines, Gas/Electric cooker, Fridge/Freezer, Washing machines etc.
On purchase, the receipt will be in the name of the customer but will be kept by the bank.
Maintenance must be assured and done by the customer.
Ownership will remain with the bank until payment of the cost-plus interest is completed.
In case of salary earners, salary should be domiciled with the bank.
Traders and self-employed customers could be made to provide additional collateral or personal guarantee.


I. 30% customer contribution
II. Applicant must be a customer of the bank
III. Duly completed Loan Application Form
IV. Repayment period of not more than six (6) months
V. Duly completed Guarantor Form

Local Purchase Order (LPO) Financing

It is a short term facility to MSME customers to finance the execution of LPO/contracts for reputable corporate/government establishments.


I. Award letter/LPO
II. Must have account with the bank
III. Provision of collateral
IV. Personal guarantee from respectable individuals
V. Domiciliation of payment


    29, A.E. Ekukinam Street,
    Utako District, Abuja.



    +234 (0) 703 337 0725
    +234 (0) 703 337 0448

    For Whistle Blowing:
    Anonymously contact or send email to the details below:

    Tel: +234 (0) 704 939 0357