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We structure credit facilities to meet our customers specific business needs and add significant value to our customers businesses.
Term Loan
Term loan is a loan in which, for a set term, the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the end of the term the borrower may enter an interest-only mortgage, pay the principal, or (with some lenders) convert the loan to a principal and interest payment (or amortized) loan at his/her option. We make the loan available for all our profitable customers.
Salary Advance
Salary Advance is a salary based Term Loan facility which enables staff of private companies and government agencies access 40% of their annual income in advance. This product offers 40% of customer's net monthly salary and is disbursed monthly as term loan. Customers can access cash loans as low as N50 000 and choose your repayment period up to 24 months.
How it works
- Pick up an application form from any of our branches.
- You will need to provide additional documents such as proof of employment and proof of income.
- The decision on your loan request would be communicated to you within 48hrs of submission of application and relevant documents.
- Loans for successful applications will be disbursed into your account with us.
You can apply by downloading the application form here or at any EAGLE FLIGHT BANK branch or call +234 7035524544 or email info[@]eagleflightmfb.ng for more information