Simple, Transparent Pricing
MicroBank Lagos Limited
Licensed by the Central Bank of Nigeria · RC 1234567 · Registered in Lagos State
All loan applications are subject to credit assessment and approval. Interest rates and terms may vary based on creditworthiness and loan amount.
Monthly interest rates are calculated on a reducing balance basis. Total cost of credit includes processing fees and applicable charges as disclosed.
Late payment fees apply after a 3-day grace period. Continued default may result in additional collection costs and negative credit reporting.
Early repayment is encouraged and carries no penalty. Partial prepayments will reduce the outstanding principal and future interest charges.
MicroBank Lagos is committed to responsible lending practices. Borrow only what you can afford to repay. Free financial counseling is available to all customers.
Why Choose MicroBank Lagos
See how we compare to traditional banks and other microfinance providers
| MicroBank Lagos | Traditional Banks | Other Microfinance | |
|---|---|---|---|
| Approval within 24 hours | ✓ | – | – |
| No collateral required | ✓ | – | ✓ |
| Mobile-first experience | ✓ | – | – |
| Transparent pricing | ✓ | – | – |
| Flexible repayment terms | ✓ | – | ✓ |
| Business analytics included | ✓ | – | – |
| No hidden fees | ✓ | – | – |
| Dedicated support | ✓ | ✓ | – |
Choose Your Loan Plan
Starter
- 3-6 month repayment terms
- 2.5% monthly interest rate
- No collateral required
- Approval within 24 hours
- Mobile app access
Business
- 6-12 month repayment terms
- 2% monthly interest rate
- Minimal documentation
- Dedicated account manager
- Business analytics dashboard
- Priority support
Growth
- 12-24 month repayment terms
- 1.5% monthly interest rate
- Flexible repayment schedule
- Business credit building
- Advanced analytics & insights
- 24/7 priority support
- Financial advisory services