The PERFECT loan just for you

THIS IS THE PLACE WHERE YOUR FINANCIAL WORRIES ARE SOLVED PROMPTLY WITH OUR LOANS.

Our properly fitted loans are simply here to clear up your financial needs.

We know how some financial needs are worrisome, frustrating, and sleep-depriving. This is why we will always deliver on our promises for fast, easy, and flexible loans.

10 Hours Prompt Cash Loans

The perfect fit for all Federal Civil Servants to enjoy easy access to our 10 hours prompt cash loans.

Mutual Plus Loans

This is for Categorized Private Sector Salary Earners. Take advantage of our excellent loan packages just for you.

School Fees Loan

Invest in your child’s education without financial worries. Our school fees loan in Nigeria ensures a stress-free schooling experience. Apply today!

Let’s get you started on the right loan for you today.

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Read Our Terms and Condition

128372

Processed Loans

126214

Customers

263

Workers

N 23.2Bn

Loans Disbursed

Trusted by more than 100,000 customers

With an excellent prompt loan service delivery, and an outstanding customer experience.

My sister had a medical urgency and needed to be operated upon in two days. Mutual Trust came through for me in 10 hours just like they promised.

S. Agatha

I have been a customer with them for 3 years now. Anytime I need a loan top-up, I just get across to my account officer and in a day my account is credited.

Momoh P.

Honestly, I was impressed with their loan processes. From application to loan disbursement was seamless. Other MFBs can learn from these guys.

S. Amina

Whenever I talk about Mutual Trust MFB in my office. My colleagues will say I’m running an advert for the bank but that’s not so. I had rent problems and the money I was expecting from these get-rich-quick schemes never materialized. I mean neverrrr! But Mutual Trust MFB came to my rescue

R. Obinna

I no need go their office to collect loan. I bin dey travel go Benin, I apply for the loan while I still dey road, to God who made me before I reach Benin my account don shake from their alert.

Fejiro O.

So, they said 10 hours and I was skeptical sha but to my surprise less than 2 hours after I sent in my loan application, I got approval and disbursement immediately. Thumbs up, guys.

Mustapha R.M

I don’t know about you guys but when it comes to fast loans, e sure me die! I will choose Mutual Trust Microfinance bank any day anytime.

J. A Abdulmumini

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DISCLAIMER!!!

THE USE OF 3rd PARTY AGENTS TO ACCESS ANY OF THE BANK’S PRODUCT OR SERVICES IS DONE AT YOUR SOLE DISCRETION AND RISK AND AS SUCH, YOU WILL BE SOLELY RESPONSIBLE FOR ANY LOSS OR DAMAGE YOU EXPERIENCE AS A RESULT OF YOUR USE OF 3rd PARTY AGENTS. ANY WARRANTY, GUARANTEE, OR FORM THAT IS PROVIDED BY A THIRD PARTY IS PROVIDED SOLELY BY SUCH 3RD PARTY AGENT, AND NOT BY THE BANK.

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Loan Agreement

Mutual Trust MFBank Limited (hereinafter referred to as “THE BANK” agrees to make available to the Borrower the loan amount shown overleaf on the terms and conditions set out in this agreement.

  1. The details of the loan are as shown on the schedule overleaf.
  2. The Loan amount shall be made available by cash for collection at this office or direct payment into the borrower’s account with the BANK.

Interest:

The Bank will charge interest on the loan amount at the rate of 4% per month for any amount and the interest rate will be fixed for the period of the loan. If the borrower fails to pay any amount which he owes, The Bank in terms of this agreement on the due date of such repayment shall be entitled to charge interest on the amount the Borrower failed to pay at the same rate as sold in this clause.

Payment:

  1. The Borrower must repay the loan as shown above.
  2. The Borrower agrees that the BANK shall have the right to deduct the monthly installments in full as set out in the overleaf directly from the borrower’s salary as a deduction from his or her employers’ payroll.
  3. The Borrower hereby gives the BANK the right to deduct monies owing to it from any unpaid wages or any other remuneration credits payable to the borrower if the Borrower leaves the service of his/her employer for any reason before the total amount repayable under this agreement has been paid.
  4. The BANK can use the money paid by the Borrower to pay first legal and other costs, the interest, and then the actual loan amount.
  5. Penal Charges may be applied on a pre-liquidated loan: 5% Flat on the amount to be liquidated or enhanced plus the accrued interest for the period irrespective of the loan tenor.
  6. Any request for an extension of the loan (top-up request) shall be granted at the discretion of the Bank and shall be subject to an additional renewal fee as may become applicable for the newly approved tenor.
  7. The charges created in favor of the Bank are all enforceable, and the Borrower shall not take any step to restrain, restrict, or delay the Bank from taking proper steps to realize the security, in the event of default.
  8. The Bank will send notifications and reminders to the Borrower via SMS for repayments and recovery at the cost of N5 per SMS which shall be borne by you.
  9. Without prejudice to the foregoing, the Bank reserves the right at its discretion to vary, alter, or amend any of the terms and conditions of the loan whenever the need arises.
  10. In the event of the Borrower’s death or permanent disability, the guarantor shall be liable for the repayment of any outstanding amount.

Costs and Charge:

The Borrower agrees that, if the BANK has to use lawyers, Debt Recovery Agents, and/or other consultants because the borrower has not carried out any part of this agreement, the Borrower will pay to the BANK all the costs incurred by the BANK.

Breach:

  1. In the event of any failure by the Borrower to pay any amount which is owing of this agreement in full and on the date he or she has to, or any other breach by the borrower of the terms of this agreement; then the full balance due under this agreement, together with any penalty interest and all other charges and expenses owing to the BANK by the borrower shall become immediately due and payable to the BANK ho shall be entitled to terminate this agreement and claim and/or recover from the Borrower any damages/losses it may have suffered as a consequence.
  2. In the event of any missed monthly repayment occasioned, a default fee of 7% of the outstanding principal loss sum shall apply.
  3. The amount owing by the borrower to the BANK at any time may be shown by a certificate in which the BANK officer has worked out and stated the amount owing. An officer of the BANK must sign the certificate in which has been worked and the certificate can be used in any legal proceedings and will be accepted by the Court on its own as correct unless the Borrower proves that it is wrong.

 In the event of default by the customer, the Bank shall in addition to all forms of legally applicable recovery options, reserve the right (and the customer hereby consents) to access the social contacts of the defaulting customer towards facilitating recovery of any sum, interest or charges that may be outstanding to the Bank.

Other Obligations:

I undertake that should I require any form of clarification on my loan obligation to the Bank, my first recourse shall be solely to the Bank or any of its authorized representatives. I shall not have recourse to any other person or means until the Bank has exhausted all means for such clarification.

I hereby undertake that in the event of missed or non-deduction of monthly repayment albeit occasioned by an error of omission or commission, I shall within a maximum of 12 hours or the next business day (whichever is earlier), pay the said missed monthly repayment sum into the UBA Plc bank account as specified below or into any nominated bank account of Mutual Trust Microfinance Bank Limited.

Account details: UBA Plc – 1019407400 – Mutual Trust Microfinance Bank Limited

I further undertake that the Bank reserves the right of set-off at any time without notice or demand to combine or consolidate all or any existing accounts belonging or traceable to you in other to liquidate any or all of your obligations regarding this facility.

I hereby declare that I do not have a pending loan obligation to any other financial institution; and undertake that, under no condition shall I obtain any payroll deductible loan without the written consent of the BANK for the duration of this loan.

I declare/affirm that I have not charged, hypothecated, or pledged either partly or in full, the net amount/salary as indicated on my monthly Payslips dated ……………….,…………….. and ……………….. in favor of any bank or financial institution towards satisfying any loan obligation whatsoever to such bank or financial institution and further affirm that the said net amount/salary is free from any charge(s) and lispendends whatsoever.

I therefore agree and undertake to be held liable in contempt if found to have acted contrarily to this affirmation and undertaking which I make under Oath and in good faith in accordance with the Oath and Affirmation Law of Nigeria.  

General:

  1. This agreement is the whole agreement between the BANK and the borrower. It cannot be changed unless the change is put into writing and signed by both the BANK and the Borrower.
  2. The borrower agrees that for the period of this agreement, he or she will not close his or her specified bank account.
  3. The BANK will give to any borrower requesting a statement setting out all deductions from his/her salary, the outstanding balance, and any amount payable in arrears.
  4. The Borrower authorizes the BANK to access any information available to his or her application and also gives the BANK permission to register details of the conduct of the borrower’s account with any credit bureau, and the Borrower waives any claims he or she may have against the BANK in respect of each disclosure.
  5. Disbursement is subject to the availability of funds as well as CBN Regulations

I confirm that I have read, understood, and agreed to the above terms and conditions. I also authorize my employer to deduct monthly installments as per the agreement shown overleaf from my salary until the loan has been fully paid and to recover my outstanding installment against my terminal dues in the event of termination of employment before the loan is fully recovered.

 

ILLITRATE JURAT

 

The foregoing having been first read and interpreted to me……………………………………………………… in …………………………… language and I perfectly understand the contents before affixing my thumb impression or mark.”

I confirm that the information given in this form is true, complete, and accurate

I confirm that I have read and understood Mutual Trust Microfinance Bank Limited (“the Bank” or “Mutual Trust”) Terms and Conditions Governing the Operations of the Loan Account and agree to abide by and be bound by these terms and conditions.

I agree that Mutual Trust may vary, alter, and amend any terms and conditions in its sole discretion. Copies of all terms and conditions mentioned above are available at our office or www.mutualtrustmfb.com.

I understand that my submission of this application and acceptance of this application by Mutual Trust Microfinance Bank Limited shall not be construed as approval of my application and that the Bank reserves the right not to approve this application without giving any reasons whatsoever.

3rd Party Agents' Disclaimer

By using this website or any of Mutual Trust Microfinance Bank Limited (hereinafter called “the Bank”) products and services, you acknowledge and agree that the Bank is not responsible for your dealings (voluntary or involuntary) with 3rd Party Agents and that the Bank makes no representations or warranties regarding any 3rd  Party Agent(s). The Bank does not endorse and is not responsible or liable for any content, advertising, dealings, products, or other materials emanating from  3rd -Party Agents.

Unless otherwise expressly agreed in writing, the Bank or any of its officers are not in any way associated with 3rd Party Agents and as such shall not be responsible or liable for the services offered by such 3rd Party Agents or for anything in connection with such 3rd Party Agents. The Bank does not endorse or approve and makes no warranties, representations, or undertakings relating to the acts of the 3rd Party Agents.

In addition to the terms and conditions as may be indicated in the Bank’s loan application form, website, or other official media platforms, the Bank disclaims liability for any loss, damage, and any other consequence resulting directly or indirectly from your relationship or access to 3rd Party Agents or any information that you may provide or any transaction conducted with the 3rd Party Agents or the failure of any information and services posted or offered by the 3rd Party Agents or any error, omission or misrepresentation by the 3rd Party Agents.

By 3rd Party Agents,” this would include but not limited to any non-staff of the Bank, unauthorized persons/individuals, middlemen, other financial services providers, websites, databases and information which a product of Mutual Trust Microfinance Bank links to, or which you may connect to or enable in conjunction with a product of Mutual Trust Microfinance Bank.

On no account should any customer make payment to any account apart from Mutual Trust Mfbank Ltd account.
Account Name: Mutual Trust Mfbank Ltd
Account Number: 1019407400
Bank: United Bank for Africa PLC (UBA)

THE USE OF 3rd PARTY AGENTS TO ACCESS ANY OF THE BANK’S PRODUCT OR SERVICES IS DONE AT YOUR SOLE DISCRETION AND RISK AND AS SUCH, YOU WILL BE SOLELY RESPONSIBLE FOR ANY LOSS OR DAMAGE YOU EXPERIENCE AS A RESULT OF YOUR USE OF 3rd PARTY AGENTS. ANY WARRANTY, GUARANTEE, OR FORM THAT IS PROVIDED BY A THIRD PARTY IS PROVIDED SOLELY BY SUCH 3RD PARTY AGENT, AND NOT BY THE BANK.

Thank you, I have read the disclaimer.