AB Microfinance Bank Loans – review 2026
Pros
- CBN-licensed microfinance bank with formal regulatory oversight
- More flexible documentation requirements than large commercial banks
- Serves salaried employees, traders and self-employed borrowers alike
- Loan officers often provide guided, in-person application support
Cons
- Interest rates are generally higher than commercial bank personal loans
- Smaller branch footprint than the major commercial banks
- May require guarantors or group liability for some loan products
AB Microfinance Bank Loans is offered by AB Microfinance Bank Nigeria, a microfinance bank licensed and supervised by the Central Bank of Nigeria under the microfinance banking guidelines. Microfinance banks exist to extend credit to individuals and small businesses who may not meet the stricter documentation requirements of commercial banks. AB Microfinance Bank specialises in credit for small and medium enterprises, traders and self-employed individuals.
Who it suits
Loan sizes offered through AB Microfinance Bank Nigeria typically fall between ₦50,000 and ₦3,000,000, with interest rates generally in the 24%–36% range, reflecting the higher operating cost and risk profile of microfinance lending compared with commercial banks. Rates and fees vary by loan tenor and applicant credit profile, so confirm the current offer directly with the lender before accepting.
Requirements
- Valid government-issued ID and Bank Verification Number (BVN)
- Proof of a steady income source, salary slip or trade records
- Completed loan application form and, in some cases, a guarantor
- Passport photographs and proof of residential address
- Applicant typically aged 18 to 60 years
Provider contacts
- Website
- https://ab-mfbnigeria.com
- Online application
- Apply now →
- Regulator
- Central Bank of Nigeria (CBN)
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.