Our Portfolio

Loan Request

Helping to fulfill your dreams.

About our consumer loans

This is open to all salary earners. It comes in two forms – Short term and medium term Finance. Short term is available to all personal current account holders but maximum tenure for repayment 6 month while Medium term customer loan is available to all our customers who have domiciled their salary accounts with Nigerian Correctional Service Microfinance Bank Ltd (NCoS MFB Ltd). Beyond salary earners, we also run a commercial loan window for traders, contractors, site engineers, school owners and other business men and women who need working capital, project finance or LPO support.

Short term

Personal current account holders

Maximum tenure for repayment is 6 months.

Medium term

Domiciled salary accounts

Available to all our customers who have domiciled their salary accounts with NCoS MFB Ltd.

Commercial Loans

Not for correctional staff alone

Our commercial loan window is open to the wider business community we bank at Agodi Gate, Ibadan — working capital, asset finance, contract and LPO financing structured around your cash flow.

Traders & market women

Stock and working capital finance for shops and market businesses.

Contractors

Contract and LPO financing to execute awarded jobs on time.

Site engineers

Equipment and project finance for construction and site work.

School owners

Term facilities for expansion, facilities and start-of-session needs.

Business men and women

Flexible SME credit for growing enterprises.

Salary earners

Short and medium term consumer loans against salary.

We are committed to you

Our professionalism is second to none.

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Our Services

We have put together products and services tailored to soothe your needs.

01

PEP

A special group loan scheme of women and female customers of the bank. It provides opportunity for spouse/relative of officers of Nigerian Correctional Service to exhibit their potential and enjoy financial stability in businesses. Customers are encouraged to independently for themselves into a group of five to twenty members of access business empowerment micro loan under PEP. Repayment is weekly for 24 weeks and interest is 3% per month.

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02

Online Transactions

With our view on partnering with some of the world service providers in online banking, we hope to revolutionize banking at the microfinance level. Watch this place!

03

Fees and charges

Competitive! That's the best word to define our fees and charges. Kindly walk in to discuss with us on your expectations

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04

Financial Services

Our financial services ranges from the conventional banking products; Savings, Current and Fixed deposit account to some tailor-made products- PEP, Triple D, Esusu, etc

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05

Loan Request

This is open to all salary earners. It comes in two forms – Short term and medium term Finance. Short term is available to all personal current account holders but maximum tenure for repayment 6 month while Medium term customer loan is available to all our customers who have domiciled their salary accounts with Nigerian Correctional Service Microfinance Bank Ltd (NCoS MFB Ltd)

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06

I want to save or invest

Interest on our investment opportunities is mouth-watering. We plan carefully to build your confidence and ensure that every steps we take with you is result-driven.

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