One of the major focus of Consumer Microfinance Bank Ltd is in providing affordable financial services to over 48 million unbanked Nigerians, Small and Medium scale businesses in and around Abuja
Formerly known as WUSE UNITED COMMUNITY BANK LTD was established since 1995 and later transformed to Microfinance Bank status in 2007.
The bank is one of the pioneering and leading MicroFinance Bankss in Abuja with an asset base of over N1, 000, 000,000.00, a customer base in excess of 50,000 active accounts and salary accounts of over 40 ministries, agencies and security outfits.
| Consumer Microfinance Bank Ltd |
Located at opposite FEBSON MALL at Plot 2087, Aisa house (Ground floor), Herbert Macaulay Way Wuse Zone 5, Abuja they have earned the trust and confidence of the Government agencies and SMEs, thereby positioning the bank strategically to lead the meteoric growth of the microfinance and micro leasing industry.
| Consumer Microfinance Bank Ltd |
Committed to providing efficient and responsive services to a select customer base, through a team of skilled, innovative and dedicated professionals. Along with a state–of-the-art technology platform, Consumer Microfinance Bank has strived ceaselessly to achieve its vision.
| Consumer Microfinance Bank Ltd |
Some of their products and services are listed below:
SAVINGS ACCOUNTS
REQUIREMENTS:
• Account Opening forms duly signed
• Signature specimen duly signed
• One recent Passport Photograph
• Proper means of Identification of Signatories
• Proof of Address i.e recent utility bill or rent receipt
REGULAR SAVINGS ACCOUNT
FEATURES
• Opening balance of N1000.00
• Interest [email protected]% P.A if not more than 3 withdrawals per month
• Deposit and withdraw anywhere, anytime using our correspondent banking and mobile money service.
• Access to ATM
• Cheque book available on request
• Minimum balance of N1000.00
SILVER SAVINGS ACCOUNT
FEATURES
• Opening balance of N1,000.00
• Interest rate @4.5% P.A for balance above N50,000 with less than or equal to 3 withdrawal per month.
• A chance to win fabulous prizes from our quarterly draws.
• Access to loan up to 1.5* average quarterly account balance
• Minimum balance of N5,000.00
GOLD SAVINGS ACCOUNT
FEATURES
• Opening balance of N1,000.00
• Interest rate @ 6% P.A for balance above N100, 000 with less than or equal to 2 withdrawals per month.
• A chance to win fabulous prizes from our quarterly draws.
• Access to loan up to 2* average quarterly account balance
• Minimum balance of N50,000.00
• Free sms alert
PLATINUM SAVINGS ACCOUNT
FEATURES
• Opening balance of N1,000.00
• Interest rate @ 8% P.A for balance above
• N200,000
• One withdrawal per month
• Customer can withdraw anytime without charge.
• Access to loan up to 3* average quarterly account balance
• Access to home appliance loan at a competitive rate.
• Minimum balance of N100,000.00
• Free Branchless Banking
• Free sms and transfer
END OF YEAR EXPENSES SAVINGS SCHEME
FEATURES
• Minimum opening Balance of N5,000
• Monthly Deposit of at least N10,000
• 5% Interest rate as against the usual 3%
• No withdrawal until after 12 months of unbroken build up
• No ATM, Withdrawal slip or Cheque book.
• Early withdrawal fee of 2% of amount withdrawn.
• Withdrawal is by application.
• Zero charges on alert and transfer.
BENEFITS
• Free Life insurance cover with sum assured of estimated annual bal.
• Bonus interest of 50% of the accrued interest to be added if no withdrawal and consistent deposit.
• No account maintainance fee
• No Account opening fee
• No sms charge.
• Immediate renewal without any obligation
DAILY EXPRESS SAVINGS SCHEME
FEATURES
• Minimum opening Balance of N1,000
• Monthly Deposit of at least N5,000
• 3% Interest rate as against the usual 2%
• Save as low as N200 daily, weekly or monthly as convenient
KOBO SAVINGS ACCOUNT
FEATURES
• Opening balance of N1,000.00
• Zero minimum balance
• Attractive Interest rate
• Free SMS
• One allowable withdrawal per month
• Transfers to any bank within Nigeria
CURRENT ACCOUNTS
REQUIREMENTS
• Account Opening forms duly completed
• One passport photograph(colored)
• Identification of signatory (National ID card, Driver’s license and International passport)
• Suitable references
• Utility Bill (PHCN, Water Rate, NITEL or Tenancy Agreement)
• KYC form duly completed
PERSONAL CURRENT ACCOUNT
FEATURES
• COT base of N3 per mille
• Personalized Cheque book
• Zero Minimum balance
• Opening Balance of N5,000.00
• ATM withdrawal of up to N150,000.00
• Online Transfers
• ATM card available
KOBO CURRENT ACCOUNT
FEATURES
• Zero COT
• Minimum balance of N250,000
• Free SMS and E-mail alerts
• Free transfers to any bank
• Three withdrawals per month
SALARY ACCOUNT
FEATURES
• Zero Opening Balance, COT and VAT
• Immediate Salary payment upon receipt
• Personalized cheque book
• Stress-free overdraft
• Loans with enhanced repayment tenure
• ATM withdrawal of up to N150,000.00
• Online transfers
CHILDRENS’ ACCOUNTS
C-KIDDIES
REQUIREMENTS
• Personal information form duly completed.
• One passport photograph each of Parent and C-Kid.
• Identification of parent (National ID card, Driver’s license and International passport)
• Proof of address of parent
• Birth certificate of C-Kid
FEATURES
• Opening balance of N5,000
• Minimum balance of N5,000
• 8% interest rate P.A
• Minimum monthly deposit of N5,000
• 6 months unbroken build up qualifies C-Kid for 60 days school fee advance.
• 1 year unbroken build up qualifies C-Kid for bumper interest of 10% P.A
• 100% of account balance can be granted as loan for 90 days while continuous savings is maintained.
• Allows lodgment of cheque and dividends.
• Free accident cover for C-Kid.
