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UMILORIN MFB CREDIT DEPARTMENT

SALARY CURRENT LOAN

A short-term or medium-term credit facility designed specifically for employed

SALARY CURRENT LOAN

For a salary loan from Unilorin Microfinance Bank (MFB), you generally need to be an employee, have your salary paid through them (salary account), and apply with required documents like ID, payslips, and possibly guarantors, with features often including quick access, low interest, and convenient repayment via salary deduction. Specifics like amounts and terms vary, but expect short-term emergency loans (salary advance) or longer-term options like personal/housing loans. 

Key Requirements & Features

  • Salary Domiciliation: Your salary must be paid into your account with Unilorin MFB.
  • Eligibility: University staff, other salaried individuals.
  • Loan Types: Salary Advance (overdraft for emergencies), Personal Loans, Housing Loans, Vehicle Loans.
  • Application: Through an account officer or their online platform/app.
  • Documentation: Valid ID, proof of employment, recent payslips, application letter, passport photos, and sometimes guarantors.
  • Repayment: Conveniently deducted from your salary. 

Steps to Apply (General)

  1. Ensure Salary Account: Confirm your salary is paid into your Unilorin MFB account.
  2. Contact Bank: Reach out to your Account Officer or use their online portal.
  3. Submit Documents: Provide your staff ID, payslips, ID, etc..
  4. Await Approval: The process is designed for quick access to funds. 
  • Visit the official Unilorin MFB website (unilorinmfb.com.ng) for details on their loan products.
  • Contact their loan department directly for current interest rates and maximum loan amounts.