HEAD OFFICE: 17,Verité Building, Apongbon Street, Lagos-Island,Nigeria West Africa. HOTLINES: 08099995777, 01-2932072. WORK HOURS: Mon - Fri 8:00am-6:00pm, Sat 9:00am-2:00pm

Verite Microfinance Bank Loans Categories

  • Loan Application Letter (Via Official Email To Loans@Veritemfb.Com)
  • Six Months Statement Of Account
  • Letter of Employment / Confirmation Letter / Promotion.
  • BVN
  • Valid ID Card & Employee’s ID Card
  • Pension Account Statements
  • Signed Blanked Cheques And / Or Direct Debit Mandate.
  • 2 Passport Photographs
  • Utility Bill
  • Company Registration Documents (CAC Documents)
  • Valid ID Card
  • BVN
  • Utility Bill
  • One Year Statement Of Account(PDF Directly From Bank Or Hard Copy Stamped & Signed)
  • Signed Blank Cheques
  • 2 Passport Photographs
  • Loan Application Letter On Letter Head Paper
  • Only Lagos State & All Federal Govt. Ministries/Agencies Within Lagos
  • Loan Application Letter
  • Six Months Statement Of Account
  • Letter of Employment/Confirmation Letter/Last Promotion with Oracle Number/Details.
  • BVN
  • Valid ID Card & Employee’s ID Card
  • Pension Account Statements
  • Signed Blanked Cheques Or Direct Debit Mandate.
  • 2 Passport Photographs
  • Utility Bill
  • Operate Your Savings Account Daily With VMFB For One Month.
  • Valid ID Card Or Trade ID Card
  • BVN
  • Utility Bill
  • 3 Passport Photographs
  • Completed Pledge And Trust Form
  • 30 – 90 Days Maximum Tenure(Cannot Exceed The Period On The Contract)
  • Loan Amount:  75% Of Total Invoices Or Contract Value To Be Availed
  • Customer’s Contribution: 25% Of The Loan Value
  • Minimum Value: As Indicated On Invoice
  • BVN
  • Original Invoices, Contracts, LPO Or Way Bill.
  • Domiciliation / Nomination Letter.
  • Tenure: In Line With The Terms Of The Invoice Subject To A Maximum Of 90 Calendar Days Per Transaction With An Option Of 30 Calendar Day’s
  • Valid Means Of Identification (National Id, International Passport Or Driver’s License)
    Six Months Statement Of Account.
  • Minimum N50, 000 and Maximum N1m Worth of Item(S).
  • 20% Initial Deposit
  • Complete Loan Application Form Online/Hard Copy.
  • 3 Months Statement Of Account
  • Letter of Employment / Confirmation Letter / Promotion.
  • BVN, Valid & Employee’s ID Card
  • Pension Account Statements
  • Signed Blanked Cheques And/Or Direct Debit Mandate.
  • 2 Passport Photographs
  • Utility Bill
  • Not More than N2m.
  • 30% Equity Contribution.
  • Comprehensive Insurance Cover.
  • Application Letter
  • Evidence Of Confirmation Of Appointment(No Contract Staff)
  • Copies of Two Month’s Pay Slips and Staff Identity Card.
  • Fund to be released To Vehicle Vendors Directly.
  • Vendors must be In the Bank’s Pre-Qualified List.
  • Vehicles must Be Purchased in the Name of the Bank.
  • Original Ownership Documents must Be Domiciled with the Bank.
  • Vehicles To be Financed Must Be Only For Personal Use.
  • Vehicles That Qualify For Financing Are Toyota, Honda, Nissan, Mitsubishi And Hyundai.
  • 50% Of The Initial Loan Must Have Been Paid.
  • Not more than 40% of the initial Loan.
  • Top-Up Can Only Be Accessed Ones in A Loan Transaction Tenure.
  • FORM A GROUP OF NOT LESS THAN 5 MEMBERS.
  • FORM A GROUP OF NOT LESS THAN 5 MEMBERS.
  • OPEN AND OPERATE A CURRENT ACCOUNT WITH VMFB FOR 6 WEEKS.
  • 3 PASSPORT PHOTOGRAPHS
  • STOCK VALUATION
  • PLEDGE AND TRUST FORM.
  • CROSS-GUARANTEE WITHIN MEMBERS OF THE GROUP.
  • MAXIMUM LOAN N250,000 FOR EACH MEMBERS OF THE GROUP AT THE SAME TIME.

Verite Microfinance Bank Accounts

  • Veri-Regular Savings & Current account*
  • Veri-Smart teens account*
  • Veri-Bright kiddies accounts*
  • Veri-Pilgrimage account*
  • Verite Upfront Interest Fixed Deposit (UIF)*
  • Verite Maturity Interest Fixed Deposit (MIF)*
  • Veri-flexi saving account*
  • GROUP LOANS(MICRO)*
  • SME LOANS*
  • Current Accounts with clearing cheques
  • Free Salary Disbursements Services
  • LPO & Contracts Financing
  • Advance Payment Guarantee (APG)
  • Bank Guarantee(BG)
  • Bills Discounting Services
  • Working Capital Loans
  • Business Expansion Loans
  • Asset & other Financing
  • *Verite Upfront Interest Fixed Deposit (UIF)*
  • *Verite Maturity Interest Fixed Deposit (MIF)*

1. Group Loans for members of approved formations like

    • Co-operatives societies
    • Unions
    • Trader Associations
    • Transporters unions
    • Associations of Artisans
    • Social, Charity, Development and Community Clubs
    • Government and Private Organizations.

2. Asset Loans