Special Mid-year Promotion
As part of our making lives easier for our esteemed clients, we are offering discounts on our interest rates for a limited time only. For loans executed with us in the month of August 2023, we offer a discount of 0.5% on interest rates. Please call our Mr. Stephen Oyewo on 07063812428 or by email to stephenoyewo@mtronicsbank.com
Let’s invest in your dreams
Whatever it is, we can provide you with a loan to help you meet your business goals or personal goals. We provide tailored loan solutions to help make your dreams come true.
Personal Loans made simple
Life happens and we all need money to meet our immediate and long term goals. Our personal situations are as different as we are as human beings, and at Moneytronics we understand this.
We will provide you a niche loan package appropriately tailored to meet your needs and capacity to repay. Our work doesn’t stop there. We will work with you the whole length of the way, to aid you with market information that can help you in accomplishing your goals quicker.
At Moneytronics, we guarantee that you will be pleased with our services.
In need of a Business Loan?
Are you a New Startup? An existing business with working capital need?
Whatever is your unique situation, we at Moneytronics are here to help. We have been in this business for 27 years and we will be here for many decades to come as well. Loan applications submitted to us are speedily reviewed and you will get a decision from us in 24hrs.
In the unlikely case that we cannot meet your capital needs, we can broker with other MFBs to provide you with the package that you deserve.
So, what are you waiting for? Contact us today.
Eligibility Criteria
- You must be a Salaried Employee
- Age: 23-55 years old
- Net Monthly Income will determine value of loan
- Good credit report
- You must be residing within our catchment area
Documents Required For Loan Approval
- Government issued Identity
- Bank Verification Number
- Bank Statement for 6 months
- Proof of Employment
- Proof of Residence (Utility Bill)
What does a personal loan cover
A home loan or car loan will allow you to use the money to purchase a home or car respectively. The good news is that when you apply for personal loan, it need not be restricted to a specific use. Once the loan is disbursed, you can use it for any purpose as per your particular need.
- Arrange for holidaying overseas
- Buy a large appliance like refrigerator, television or laptop
- Plan your marriage function as per your expectations
- Spruce up your home interiors through home renovation
What’s more! Moneytronics offers fresh funds loan to meet emergency needs before salary payments. With its pre-approved personal loan, the entire processing is completed in just a few minutes.
Types of Personal loan
Micro Loan
Even the best of us cannot see what the future holds and emergencies can happen at anytime. This is why we offer a fast cash loan to assist you with your short term cash needs. We know that our small loans can solve big problems.
SME Loans
Ideal for Small & Medium Scale Enterprises seeking funds for short-term or once-off business expenses. Funding Made Easy
Hire Purchase
Get the car or equipment you need for yourself or your business, by hiring it over a fixed term with payments tailored to your budget.
Micro Leases
Can’t afford to buy Equipments? No worries, we can help through our Micro Leases whereby we will facilitate the lease of the equipment to you in exchange for small weekly/monthly payment as your business thrives.
Group Loan
Okay, you don’t have sufficient collaterals? No worries. You can partner with a group of associates and friends to collectively take a loan and the members of the group will serve as the guarantor fo the repayment of the loan
Interest Rates
We offer “Best In Class” competitive Interest rates in the market to our customers. We thrive o repeat patronage , having a strong believe that we prosper only when you prosper. Our aim, continually is to help you accomplish your financial goals without hardship.
Keeping your best interest in mind, we recommend you to go for a personal loan amount that you actually need and not more than that. This way, repayments will not be a hassle and you can pay your loans without any delay or late payment fees.
Guarantors
A guarantor helps to provide us with assurance that the borrower will repay their loans. Guarantying a loan is not to be taken lightly as you are providing an irrevocable guarantee for the life of the loan.
You are strongly encouraged not to act as a guarantor for anyone unless you know them so well and can vouch for their ability to repay the loan they are taking. Also, please remember that in the case of the borrower’s inability to pay for any reason, the bank will be holding you responsible to pay any existing balance and accumulated interests on the facility.
If this is agreeable to you, please complete the Guarantor’s Form as available here.