OUR LOANS

Meeting short term business and personal financial needs

SET-UP LOAN

This is a short term finance available to various categories of borrowers to meet their immediate cash needs.

FEATURES:

  • Maximum tenor of six (6) months
  • Very competitive pricing
  • Account holder with Jessefield
  • Monthly repayment of principal and
    interest
  • Open to traders in organized markets, salary earners and service providers     
  • Borrower must be an account holder with Jessefield MFB

  • Loan Limit- maximum of N300, 000

SME BUSINESS LOAN (SME BL)

This is a product specifically designed to support Small and Medium Scale Enterprises in the country irrespective of market of operation. The players in the market can now expand their business with SME loan.

FEATURES:

  • Maximum tenor of six months
  • Very competitive pricing
  • Account holder with Jessefield MFB
  • Business men and women dealing in tangible and consumable goods
  • Loan limit- maximum of N2.3m
  • Monthly repayment of principal and interest

SME PERSONAL LOAN (SME PL)

This is a product of Jessefield MFB designed for salary earners and service providers for business financing, acquisition of assets and other personal financial needs.

FEATURES:

  • Maximum tenor of six (6)  months

  • Very competitive pricing

  • Account holder with Jessefield MFB

  • Open to salary earners

  • Loan limit- maximum of N2.3m

  • Monthly repayment of principal and interest

SME SCHOOL SUPPORT (SME SS)

This loan product is specially designed for school owners to support educational Development. This is to assist school owners to meet their financial needs for the growth of their schools.

FEATURES:

  • Maximum tenor of nine (9) months

  • Very competitive pricing

  • Open to account holders with Jessefield Bank

  • Accessed by schools.

  • Directors of tuition centres and university affiliate programs

  • Monthly repayment of principal and interest

  • Repayment structure to suit school calendar

     

     

MOCUF ( MONTHLY CLEAN UP FACILITY)

This is a monthly clean up facility product designed to assist clients to meet their short term business and personal needs. This facility has one month cycle and it is renewable twice.

FEATURES:

  • Maximum tenor of three months (90days)
  • Very competitive pricing
  • Account holder with Jessefield MFB

  • Traders in organized markets

  • Business men and women ( with required collateral)

  • Employee from reputable organization

  • Service providers

  • Principal and interest repayment at the end of the tenor (one month)

  • Loan limit- maximum of N2m

SME TRADER RELIEF SCHEME (SME TRS)

This product is specifically designed for traders both in small and medium scale enterprises to enhance their business status.

FEATURES:

  • Maximum tenor of six (6) months

  • Very competitive pricing

  • Traders in organized market with business in tangible and consumables

  • Account holder with Jessefield (MFB)

  • Weekly repayment of principal and interest

  • Loan limit- maximum of N2m

GROUP LOAN

Group loan is available for small traders who belong to an informal group. The members may be in the same or different lines of business.

FEATURES:

  • Group members must be in the same location
  • Very competitive pricing
  • Maximum tenor of five (5) months

  • Group guarantee

  • One credible guarantor

  • Very competitive pricing

  • Weekly repayment of principal and interest

  • Loan limit- maximum of N150,000