Lovonus Microfinance Bank

Oban Rating:

4.25/5.0

Lovonus Microfinance Bank was incorporated in 2011. Lovonus has growing operations in Lagos with its Head office in Iddo. Today, Lovonus Microfinance Bank is one of the largest financial services in the Banking industry.

The bank provides corporate, commercial, SME, consumer and personal (retail) banking services to more than 25 million customers, served through diverse channels. Particularly, they have focused on key sectors of economies across the Nigeria including Oil and Gas, Infrastructure Finance, Agriculture and Commodity/Export.

General requirements include: 
  • Two guarantors with signed cheques
  • Equity contribution from borrower
  • Account opening with Lovonus
  • Application Form

Kuda Microfinance Bank Loans and Terms

Loan Type

personal_loans

Loan Amount

₦15000

-

5000000

Repayment Terms

2

-

12 months

Monthly Interest

9

-

13%

Location

Lagos

Employment Preference

Full Time

Pros: 

Flexible lending periods, Quick loan disbursement

Cons: 

Limited lending periods, High document requirements, High charges and late fees

Estimated Interest Rate

9

-13%

Max Loan Amount

₦5000000

Loan Term

2

-12 months

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