Our Credit and Loans Products

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.

Need, and eligible for this loan? Click HERE to download the loan application form

BUSINESS ENTERPRISE LOANS (BELs)

DEVELOPMENT INTERVENTION LOANS (DILs)

Need, and eligible for this loan? Click HERE to download the loan application form

Need, and eligible for this loan? Click HERE to download the loan application form

Employee Salary Advance (eSALAD) Loan

This is a short-term loan designed for staff of private and public organizations with active salary accounts in Hedge Bank.

Eligibility

• Borrower must be a confirmed employee and salary earner in an organization profiled and acceptable to Hedge Bank.

• Borrower must have at least 2 years of service.

• Borrower is not indebted to HMFB or any other lender.

Requirements

• Completed loan application form.

• Confirmation letter from borrower's employer with staff ID attached.

• A copy of pay slip & 6 months bank account statement of the borrower.

• Completed personal guarantee form attached with undated cheque.

• Completed undertaking form by the borrower's employer.

Benefits

• Easy access to funds at great convenience to meet personal financial obligations before the pay day.

• No collateral is required

• Loan disbursement to the borrower is within 24 hours after submission of the loan request.

• Top-up on existing salary advance available up to a maximum limit.

Features

• Maximum loan amount of up to 60% of the net monthly salary.

• Tenor of 2 months and management fee of 1%.

• Disbursement within 24 hours

Eligibility

• 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.

Requirements

• Completed loan application form.

• Post-dated cheque or debit instruction.

• Completed personal guarantee form.

• Admission letter issued by the school authority.

Features

• Maximum loan amount of N200,000.

• Tenor of 3 months.

• Personal guarantee backed by an undertaking by the borrower's employer or Association/Cooperative society.

• Competitive Interest rate.

• One-off management fee of 1%.

School Fees & Expenses Advance (SFEA) Loan

This is a short-term loan designed for economically active parents/guardians to support the education of their children/wards in private or public schools for the payment of school fees/levies, uniforms, books, school bus fees, etc.

Benefits

• Un-interrupted schooling and education of the children/wards of the borrower

• Loan disbursement to the borrower is within 24 hours after submission of the loan request.

• Flexible repayment within the loan tenor.

Need, and eligible for this loan? Click HERE to download the loan application form