This is designed especially for employees of reputable organizations. This product grants salary earners the temporary bridge they need to get from pay-day to payday. With a maximum loan amount not exceeding a third of the employee’s basic annual wage or N1milion, and repayments no more than a third of the employee’s monthly pay, our salary advance can provide necessary float without overburdening cash flows. Customers can have access to 70% of their net monthly salary before pay day.
This is a product designed to empower customers save towards future projects, festivals, school fees, wedding, pilgrimage (Haji &Jerusalem), house rent payment.
The focus here is to create a platform that foster loyalty between the customer and the bank and give structure to our customer’s financial plans and for greater financial security.
Many small and medium enterprises customers who trade or retail in fast – moving goods are often short of requisite funds to support their working capital. This group of customers usually seeks financial accommodation to see them through lean periods. This product is to enable the bank support such customers.
The Product offers short term advances (Overdrafts and Short – Term Loans) to traders / retailers.
The product is to provide self – liquidating advances to customers in a prompt, secure and profitable manner. It involves the provision of short term financing to Ibile MFB customers engaged in the supply of goods and services and execution of small to medium – scale contracts for Government, MDAs’ and reputable institutions.
Designed to help individuals and groups achieve that desired celebration without having to borrow or run helter-skelter, looking for money. This is a special account designed to raise hope and meet our customer’s demand during the ‘rainy’ day. It establishes the discipline of prudent money management, to give structure to our customer’s financial plans and for greater financial security.