Frequently Asked Questions facebook twitter

Q1. Is the Bank licensed by Central Bank of Nigeria (CBN)?

Ndiolu Microfinance Bank Ltd is duly registered and incorporated with the Corporate Affairs Commission (CAC) and has license from CBN to fully engage in business of microfinance banking.

Q2. Where is your registered and contact address?

Our bank is situated at Permanent site, Behind Government House next to ministry of youths and sports, Ukwu Orji. Awka, Anambra State.

Q3. Does the bank give loans?

Yes, if you meet the requirements.

Q4. Do you do lease?

No

Q5. Do you do Asset financing?

Yes

Q6. Is your bank insured by Nigerian Deposit Insurance Corporation (NDIC)?

Our Bank is a duly registered bank insured with NDIC.

Q7. What is your interest rate on Fixed Deposit?

Our interest rate is dependent on the tenure and amount.

Q8. What's the minimum amount one can invest and what's the minimum period?

You can invest with as little as 50,000.00 for a period of 90 days (3 calendar months).

Q9. How can one make transactions with your bank if account is opened?

Through our correspondent Banks (Fidelity bank, FCMB, UBA, Zenith bank), you can make cash deposit, cash withdrawals through any branch of the bank.




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