Accion Microfinance Bank In Nigeria: How To Obtain Loan And Their Branches In Lagos



Obtaining loan from Accion Microfinance Bank, prospective customers needs to meet certain conditions set by the bank. Such Customer must have been in business for at least one year, operating from the same location for at least six months to qualify.

Pay Back Period:  Repayment Plans depends on the type of loan. Tenures could range from

  1. 1-3 months (PAY GO – Overdraft product)
  2. 4-6 months  (Working capital) or
  3. 4-12 months  (Asset Loan)

Loan Repayment: Loan repayments are scheduled to be made monthly except for Group Loans which are repaid weekly.

Loan Application Requirements

To obtain a loan, prospective clients must submit:

  • 6 recent passport photographs
  • Recent utility bill from residence
  • Identification: National ID Card / Valid Driver’s License / Valid International passport
  • Shop receipt (evidence of business location)

Guarantor/ Surety

Every loan application requires a Guarantor or Surety. The Guarantor must be between 28- 59 years and have the capacity to repay the loan should the customer default in his loan repayment.

Requirements for the Guarantor

  • 1 recent  passport photograph
  • Recent utility bill from his residence
  • Identification: National ID Card or Valid Driver’s License or Valid International passport

Other Information About Accion Microfinance Bank Loans

  • The interest rate on loans is 6% on reducing balance.
  • There is a compulsory processing fee which covers insurance, VAT and administrative charges
  • Upon approval of loan amount, client and guarantor must come to the bank to sign offer letter and guarantee letters.
  • All loans require a 20% compulsory deposit of the approved loan amount to be paid after signing the offer letter.
  • Loans can be repaid before their due date

Note: Loans repayments of N400,000 and above require post-dated cheques covering the number of loan repayment  installments as well as 2 valid references who have current accounts.

Accion Microfinance Bank Branches In Lagos

CORPORATE HEAD OFFICE

Accion Microfinance Bank Ltd
4th FloorElizade Plaza
322A Ikorodu Road Anthony, Lagos.
Tel : 01-2719325-6
Fax : 01-2719327
Email : info@accionmfb.com
Website : www.accionmfb.com

IKORODU

Accion Microfinance Bank Ltd
62, Owolosswo Street,
Off Ayangburen Road,
Ikorodu, Lagos.
Tel : 01- 2911734,  01-2911735

AGEGE 

Accion Microfinance Bank Ltd
Ashake House
223 Old Abeokuta Road,
Opp Police Station,
Agege, Lagos.
Tel : 01-2911047, 01-2911048

ISOLO

Accion Microfinance Bank Ltd
32, Ire-Akari Estate Road
(Above Chicken Republic)
Isolo, Lagos.
Tel : 01- 2934425

AGRIC IKORODU

Accion Microfinance Bank Ltd
NNPC Filling Station
50,Isawo Road (1st Floor),
Agric,Ikorodu, Lagos.
01- 2952398,  01-2952399

KETU 

Accion Microfinance Bank Ltd
572 Ikorodu Road,
Ketu, Lagos.
Tel : 01-2911065, 01-2911066

AGUDA

Accion Microfinance Bank Ltd
16 Kushimo Street,
1st floor (Opposite Mr.Biggs/Mobil)
Aguda,Surulere
01-2915568 and 01-2915569

LADIPO BRANCH

Accion Microfinance Bank Ltd
93 Ladipo Street,
Beside Ecobank Nig. Plc. Building,
Matori, Mushin, Lagos.
Tel : 01-2911070

AJAH

Accion Microfinance Bank Ltd
XYZ Plaza (Ground floor)
No 1 Kassim Oyofo Street,
Thomas Estate,Ajah, Lagos.
Tel : 01-4540066, 01-4540067

OBALENDE

Accion Microfinance Bank Ltd
26B Lewis Street,
Lagos.
Tel : 01-4532768, 01-4532769

AKOWONJO

Accion Microfinance Bank Ltd
13,Shasha Road (Beside KFC),
Akowonjo, Lagos.
Tel : 01-2911068,01-2911069

OJODU

Accion Microfinance Bank Ltd
Ise Oluwa House (Ground Floor),
Plot 898a Isheri Road, Ojodu,
Lagos.
Tel : 070-2828 1589, 01-2911732

ALABA

Accion Microfinance Bank Ltd
27/28, Igbede Road,
Ojo-Alaba,Lagos.
Tel : 01-2911049, 01-2911050

OKE-ARIN

Accion Microfinance Bank Ltd
58, Kosoko Street, Oke Arin
Tel : 01-2911043, 01-2911044

ANTHONY

1st Floor Elizade Plaza
322A Ikorodu Road,
Anthony, Lagos.
Tel : 01-2911056,01-2911633

OKE ODO

Accion Microfinance Bank Ltd
437 Lagos Abeokuta Expressway
Ile – Epo Bus Stop
Oke Odo, Lagos

APONGBON

Accion Microfinance Bank Ltd
16, Apongbon Street,
Apongbon, Lagos
Tel : 01-2911044, 01-2911045

ORILE

Accion Microfinance Bank Ltd
Vinjosco Plaza,
(left wing 1st and 2nd floor)
21 Coker Street,
Coker, Orile, Lagos.
Tel : 01-4532767, 01-3426898<

BARIGA

Accion Microfinance Bank Ltd
3, Tijani Ashogbon Street,
Opp. Abeokuta Street,
Bariga, Lagos.
Tel : 01-2911067

OSHODI

Accion Microfinance Bank Ltd
20, Oshodi Street
Oshodi, Lagos.
Tel : 01-2911729, 01-2911731

BARUWA

Accion Microfinance bank Ltd
154 Ipaja Road
Baruwa, Ipaja
Lagos.

OYINGBO

Accion Microfinance bank Ltd
152 Herbert Macaulay Road
Yaba, Lagos
Tel : 01-2911727, 01-2917742

EJIGBO

ACCION Microfinance Bank
91 Ikotun Isolo Road,
(AP Petrol Station),
Ejigbo, Lagos.
Tel : 01-4538962, 01-4538963

SURULERE

ACCION Microfinance Bank Ltd
77,Ojuelegba Road, Surulere, Lagos
Tel : 01-2911733, 01-2915571

IDI-ORO

ACCION Microfinance Bank Ltd
118 Agege Motor Road,
Beside Ecobank Nig. Plc. Building,
Idi-Oro, Mushin, Lagos.
Tel : 01-2911723, 01-2911724

TRADE FAIR COMPLEX

Accion Microfinance Bank
(Balogun Business Association)
Emanolink Plaza, Hall 3,
Beside Kano Plaza, BBA, Lagos
Tel : 01-2911726, 01-4538965

IDUMAGBO

Accion Microfinance Bank Ltd
19, Idumagbo Avenue,
Lagos Island, Lagos.
Tel : 01-2911728

BOUNDARY

Accion Microfinance Bank Ltd
62 Baale Street
Boundary, Ajegunle,
Lagos
Tel: 01-2934424, 01-2934425

IKEJA

Accion Microfinance Bank Ltd
5, Oba Akran Avenue,
Ikeja, Lagos.
Tel : 01-2911052, 01-2911053

PORT HARCOURT

Accion Microfinance BAnk Ltd.
28 Ikwerre Road,
Mile 1, Diobu
Port Harcourt, Rivers State.
Tel: 084-669579, 084-669580

IKOTUN



Accion Microfinance Bank Ltd
40, Ikotun-Idimu Road,
Beside Mr. Biggs,
Ikotun Local Government, Lagos.
Tel : 01-2911054, 01-2911055

 

3 Comments


  1. // Reply

    hello, if I apply for a loan of 600,000 after the 20% compulsory deposits how is the interest and for how long will I going to repay also will the 20% be included


    1. // Reply

      Hi Ayo,
      Please visit the nearest office to you or call any of the numbers above for proper direction on your inquiry.
      Regards


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