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.

Features & Benefits

• Maximum loan amount of N200,000.

• Tenor of 3months.

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

• Competitive interest rate.

• Loan disbursement to the borrower is within 48 hours post-submission of all required document.

• 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.

Features and Benefits

• 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.

• Supplier must be one of the bank-approved vendors.

• Loan disbursement to the borrower is within 48 hours post-submission of all required document.

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.

Need this loan? Click HERE to Apply

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 MFB.

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.

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

• Borrower must have been in employment for at least 6 months.

• Borrower is not indebted to Hedge MFB or any other lender.

Features and Benefits

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

• Tenor of 3 months

• Disbursement within 24 hours

• 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 48 hours post-submission of all required document.

• Top-up on existing salary advance available.

Requirements

• Completed loan application form.

• Post-dated cheque or debit instruction.

• Completed personal guarantee form.

• Admission letter issued by the school authority.

Features & Benefits

• Maximum loan amount of N300,000.

• Tenor of 3 months.

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

• Competitive Interest rate.

• Flexible repayment within the loan tenor.

• Loan disbursement to the borrower is within 48 hours post-submission of all required document.

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

School Support Loan (SSL) Loan

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

Need this loan? Click HERE to Apply

Need this loan? Click HERE to Apply

Need this loan? Click HERE to Apply

Requirements

• Completed loan application form.

• Post-dated cheque or debit instruction.

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

• Equity contribution of 30%.

Features & Benefits

• Maximum loan amount of N500,000.

• Tenor of 6-24 months depending on the asset.

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

• Competitive Interest rate.

• Flexible repayment within the loan tenor.

• Loan disbursement to the borrower is within 48 hours post-submission of all required document.

• Asset shall be purchased from our Bank's approved vendors.

Personal Assets Acquisition Loan (PAAL) 

Our Bank’s Personal Assets Acquisition Loan products offer our customers great flexibility in acquiring household appliances, implement, devices, or other assets to meet their personal needs and comfort.

Need this loan? Click HERE to Apply

Features & Benefits

• Maximum loan amount of N2,000,000.

• Tenor of 36 - 60 months.

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

• Competitive Interest rate.

• Flexible repayment within the loan tenor.

• Loan disbursement to the borrower is within 5 working days post-submission of all required document.

• All ownership and title document shall remain in the custody of the Bank until the loan is fully repaid.

Requirements

• Completed loan application form.

• Post-dated cheque or debit instruction.

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

• · Availability of land title document (verifiable by the Bank).

• Equity contribution of 20%.

Housing Loan 

At Hedge MFB, we support our customers and can make their dream of owning a house a reality. Our housing loan is designed for the completion of house construction or renovation, or refinancing of existing mortgage. The ownership title document of the house being financed shall remain in the custody of the Bank until the mortgage loan is fully repaid.

Need this loan? Click HERE to Apply