Overdraft is an individual loan product designed by NOMASE MfB to assist clients with both business and household emergencies. Overdraft enables clients have access to funds for emergencies at a very low interest.
Features
- Facility range: N500,000 maximum
- Methodology: Individual
- Duration: 1-90 days
- Grace period: Negotiable
Benefits
- Access to funds in emergency situations
- No collateral
- Competitive interest rate
- Flexible and convenient repayment structure
- Expert financial advice available
Requirements
- Loan application letter
- Duly completed application form
- 2 guarantors
- Duly executed Global Standing Instruction
- A valid means of ID (national ID, driver’s license, voter’s card or international passport)
- Current utility bill
- 4 recent passport-size photographs
