Mutual Trust MFBank Limited has recently introduced a technology-driven loan product called MTLoans tailored to meet the financial requirements of both public and private sector employees, business owners, and qualified individuals seeking asset financing.
This product provides a fast, convenient, and accessible loan solution for qualified individuals who need a quick loan to address their urgent financial needs and bolster their finances against the rising costs of inflation in the country.
Managing Director/CEO of Mutual Trust MFBank Limited, Josh Oyebisi, speaking on the new loan product, describing it as the best option for any qualified employee or business owner seeking a quick loan. The product offers enhanced convenience, easy accessibility, and requires no collateral.
“The launch of MTLoans highlights our commitment to financial inclusion through technology, as embedded in our mission statement. We aim to provide quick financing with convenient access to qualified individuals, whether they are employees or business owners. This will empower them to settle their financial needs in just 10 minutes.”
MTLoans offers fast loan processing, and effortless repayments through income deductions making it an attractive option for borrowers seeking affordable and seamless financing. The product caters to a range of financial needs with flexible loan amounts to suit individual requirements.
Oyebisi stated, “We understand that technology is advancing rapidly and that extensive documentation will no longer be necessary. This led us to ensure that the application process for MTLoans was designed to be simple and user-friendly, with repayments being automatically deducted from borrowers’ salaries or business accounts. This will ensure timely payments and help borrowers effectively manage their finances.”
MTLoans is accessible to both public and private sector employees, business owners, and qualified individuals looking for asset financing in Nigeria. The maximum advance amount is determined based on your credit and income history. Repayment usually occurs through automatic deductions over a predetermined period, typically on your next pay cycle.
