Secure, reliable services for individuals, families, and businesses.
Documents you need to apply for a loan
Valid means of identification
Passport photograph
Proof of income/business
Bank statement (3 months)
Utility bill (proof of address)
Guarantor (where applicable)
Simple 4-step process to get your loan approved
Application
Fill out our simple loan application form online or at any branch
Documentation
Submit required documents and complete verification process
Assessment
Our team reviews your application within 24 hours
Approval & Disbursement
Once approved, funds are disbursed to your account immediately
Access flexible loan options designed to support your personal needs, business growth, and financial goals – quickly, securely, and stress-free.
.png&w=1200&q=75)
Stress-free application process.
Quick access to emergency funds.
Flexible repayment terms.
Competitive interest rates.
.png&w=1200&q=75)
Loan tied to monthly salary.
Repayment through salary deductions.
6–12 months repayment period.
Fast processing (24–48 hours).
.png&w=1200&q=75)
Financing of up to 70% of the total project value.
Loan amount starting from ₦500,000.
Short tenor for quick turnover (90 days).
Affordable reducing balance interest.
.png&w=1200&q=75)
Loans from ₦100,000 – ₦2,000,000.
Up to 24 months repayment.
Tailored for small businesses.
Affordable rates with collateral flexibility.
.png&w=1200&q=75)
Buy brand-new appliances easily.
Pay only 10% upfront.
Up to 10 months repayment.
Quick processing
.png&w=1200&q=75)
Acquire motorcycles/tricycles with 5% upfront.
Repay over 12 months.
Flexible weekly repayment.
Insurance coverage included.
.png&w=1200&q=75)
Credit for group members.
Weekly repayment system.
Access to re-loans.
Training & business development support.
.png&w=1200&q=75)
Up to ₦500,000 for school fees.
Flexible repayment (up to 8 months).
Competitive interest rates.
Designed for Parents with children/wards Covenant affiliated schools.
Bank News in Your Inbox
Be the first to hear about new services, updates, and opportunities from Covenant MFB. Subscribe and stay in the loop.