Let Cloverleaf Microfinance Bank support you and your business seamlessly! With Cloverleaf Microfinance Bank you can get access to loan amounts up to N1,000,000. You can also save to meet all your financial goals with our manual and automated savings feature.
RATES AND REQUIREMENTS
With Cloverleaf Microfinance Bank, you can access loan amounts without stressful visits to the bank. Yes, it’s that easy! Depending on the loan amount you are eligible for, you can repay the loan within a 90-day period.
For verification purposes, you would be mandated to submit a valid identification document. We may also require that you submit your bank statement for us to ascertain if you are eligible for the loan.
In compliance with the national rules, we openly give out loans to persons above 21 years of age.
Our minimum interest rate, which is determined by our credit scoring algorithm, is 3% per month and a maximum of 10% per month. This comes to an Annual Percentage Rate (APR) of 36%.
FOR EXAMPLE;
If you get a personal loan product of N10,000 to pay back over a 3-months tenor at an interest rate and fees of 3% per month (36% APR), you will be paying back N900 in interest. Making your total Principal + Interest repayment of N10,900 only.
We have a core value of serving as an ongoing financial resource for members of the Cloverleaf Microfinance Bank community when they sign up. We do not require you to submit any form of collaterals, however, you may need to provide a guarantor for specific loan amounts.
Nevertheless, you can apply for a loan within minutes on the mobile and web app, all you need to do is download the app, and sign up easily!
WANT TO TALK TO US?
For a swift resolution if you have any issues navigating the app, you can always reach out to us by calling +2349019937506 or you could send an email to [email protected]
You can also reach out to us via our social media platforms and we’re always on standby to respond