HEdge microfinance bank ltd 1 SErenity road, off karshi-apo bypass way, karshi, abuja, nigeria +234 (0) 9076722225 info@hedgemfb.com Mondays - fridays (08 - 16 Hours)

Our Credit and Loans Products

At Hedge Bank, we have a lot of credit and loan products designed to support our customers in their personal and business lives.

Loan Amounts

N50,000 - N2,000,000

Loan Disbursement

Within 48Hours (Max)

LOAN APPROVAL WITHIN 48 HOURS

MINIMAL DOCUMENTATION

COMPETITIVE INTEREST RATES

Personal Emergency Relief Loan (PERL)

This is a short-term loan designed for a borrower to meet their immediate personal or family needs (such as house rent, medical bills, school fees, etc) against a confirmed expected future cash inflow.

PERSONAL AND CONSUMER (PAC) LOANS

Features

Maximum loan amount of N100,000.
Tenor of 3months.
Personal guarantee backed by an undertaking by the borrower's employer or Association/Cooperative society.
Competitive interest rate.
One-off management fee of 1%.

Eligibility

Borrower must be at least 20 years of age.
Borrower must be a member of an Association/Cooperative society that holds an account with Hedge Bank or confirmed staff of an organization with salary account domiciled with Hedge Bank.
Borrower must have a confirmed expected future cash inflows either from salary or sale of asset.
Borrower is not indebted to HMFB or any other lender.

Benefits

Meet immediate personal financial obligations.
Loan disbursement to the borrower is within 24 hours after submission of the loan request.
Flexible repayment within the loan tenor.

Requirements

Completed loan application form.
Post-dated cheque or debit instruction.
Completed personal guarantee form.
Completed undertaking form by the borrower's employer or Association/Cooperative society.

Food Availability and Security (FAS) Loan

This is a short-term loan designed for members of Suseed MPCS to stock storable food stuffs (such as rice, beans, palm oil, gari, etc) against a confirmed expected future cash inflow.

Eligibility

Borrower must be at least 20 years of age.
Borrower must be a member of an Association/Cooperative society that holds an account with Hedge Bank or confirmed staff of an organization with salary account domiciled with Hedge Bank.
Borrower must have a confirmed expected future cash inflows either from salary or sale of asset.
Borrower is not indebted to HMFB or any other lender.

Features

Maximum loan amount of N150,000.
Tenor of 6months.
Personal guarantee backed by an undertaking by the borrower's employer or Association/Cooperative society.
Competitive Interest rate.
One-off management fee of 1%.
Supplier must be one of the bank-approved vendors.

Requirements

Completed loan application form.
Post-dated cheque or debit instruction.
Completed personal guarantee form.
Completed undertaking form by the borrower's employer or Association/Cooperative society.

Benefits

Stock food stuffs at lower unit costs to guarantee household steady availability and access to food.
Loan disbursement to the borrower is within 24 hours after submission of the loan request.
Flexible repayment within the loan tenor.