Miteb Global Investments Limited

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Loan Services

Business Loan

This is a loan given to small and medium-sized businesses to expand their business. The loan is not available to start-up businesses.

Requirements

  • Customers must have registered with MGIL and have up to 30% of the loan amount as a security deposit.
  • The customer must own a shop/business premises.
  • Utility bill (Power, Waste Management, etc)
  • ID card (International passport, NIN, Driving license).
  • Passport (2) photo of the customer.
  • Copy of shop rent and house rent receipts, which must be longer than the proposed loan tenor.
  • Loan application fee (Negotiable) shall be provided upfront when submitting the loan application.
  • Interest rate (Negotiable).
  • Maximum tenor is 6 months.
  • Repayment shall be in the form of daily/weekly/monthly payments.
  • Two (2) Guarantors. The guarantors shall provide an acceptable ID card, shop rent receipt, passport photo, 0ne (1) signed undated cheque, and utility bill for their houses.

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Loan Services

Trader Loan

This is a loan given to traders in markets.

Requirements

  • The prospective customer must own a shop.
  • The customer must provide 10% of the loan amount as a security deposit.
  • Utility bill, ID card, and a Passport photo of the customer.
  • Copy of shop rent and house rent receipts, with terms longer than loan tenor.
  • Application fees and Interest rates per month are negotiable.
  • Tenor is 1 - 3 months (30 - 90 days repayment).
  • Insurance= fire and general peril/loan.
  • Two (2) Guarantors. The guarantors shall provide an ID card, shop rent and a utility bill for their house.
  • The address of both the obligor and the guarantor shall be verified.

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Loan Services

Hire Purchase

This is a credit facility for the financing of business assets like Car, Commercial Bus, Tricycle, or any other income-generating asset for businesses. The asset will be purchased in MGIL's name and upon full repayment, ownership of the vehicle is transferred to the customer.

Requirements

  • Obligor must be an Uber/Bolt driver for not less than 1 year.
  • Customer shall scout for vehicle and provide a proforma invoice.
  • Customer shall provide a minimum of 10% -30% of the cost of the vehicle. MGIL shall provide a maximum of 90%.
  • Utility bill.
  • Copy of ID Card.
  • Original particulars of the vehicle shall be in possession of the MitebGLO until full repayment before transfer of ownership to the customer.
  • Maximum tenor shall be 14 months for commercial bus and 36 months for Uber/Bolt car.
  • Loan fees and Interest rate shall be per month but negotiable.
  • One (1) guarantor plus spouse who will provide ID Card and Passport Photo. The address of both the obligor and the guarantor shall be verified.
  • Miteb Global Investments Limited shall be registered with UBER/BOLT as the car owner and weekly payment shall be made directly to the Miteb Global Investment's account.

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Loan Services

Personal Loan Against Salary

This is a loan granted to individuals to be repaid from their monthly salaries. It is meant for staff (professionals) of reputable companies who are ready to domicile their salaries to MitebGLO via direct debit from their employers or from their salary accounts in banks.

Requirements for personal loan

  • Utility bill, ID card, and a Passport photo of the customer.
  • Application fee (Negotiable) is a percentage of the loan amount that shall be provided upfront when submitting the loan application.
  • Maximum tenor is 3- 6 months.
  • Repayment shall be monthly.
  • All Loan repayment shall be about 40% of the monthly net salary
  • Copy of current pay slip.
  • Employment letter and confirmation letter.
  • Minimum of three months' statement of account.
  • Two (2) Guarantors. The guarantors shall provide an ID card, passport photo, utility bill for their house.
  • Original copy of the International passport of the obligor or the guarantor shall be deposited with the lender.

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Connect Us

Whether you're looking to streamline your financial operations or access competitive interest rates, Miteb Global Investments Limited is here to support you.

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Connect Us

Whether you're looking to streamline your financial operations or access competitive interest rates, Miteb Global Investments Limited is here to support you.

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