Our Banking Products

Ikire Microfinance Bank Ltd offers variety of savings accounts that are demand driven. You will find the right account that best suits your expectations. it affords customers an easy access to their funds through quality service delivery. With our savings product, you can begin to have better dreams of your old ages while you receive attractive interest on your savings.

FEATURES AND BENEFITS:

1. All deposits is NDIC insured.
   
2. Linkage with the various electronic banking channels i.e. USSD, Mobil banking application etc.
   
3. Access to the Verve ATM card powered by the interswitch.
   
4. Attractive deposit interest on your savings provided you withdraw less than 3 times a month.
   

REQUIREMENTS:

1. Opening balance of N3000.
   
2. Duly completed Account opening form.
   
3. 3 recent passport photographs.
   
4. Valid means of identification i.e. National I.D card, Voter’s card and utility bill.
   

Ikire Microfinance Bank offers a current account that is easy to operate and equally allows customers to manage their day-to-day transactions.

The holder of current account enjoys access to overdraft and loans facilities (for qualified customers) at competitive rates. It equally affords you to carry out mundane banking transactions with third parties.

You can manage and effect transactions on your current account at the comfort of your home with the use of our 24/7 mobile application and USSD. You can also effect transactions with either your cheque or ATM debit card.

FEATURES:

1. Account opening with N5000.
   
2. Minimum operating balance of N500.
   
3. Access to Credit facilities/ Overdraft.
   
4. Cheques lodgments and Dividend warrants.
   

REQUIREMENTS:

1. Duly completed Account Opening Forms.
   
2. 3 passport Photographs
   
3. Valid and acceptable means of identification i.e. National I.D card, Voter’s card, International passport, Driver’s license and Utility bill.
   
4. 2(two) referees whose current accounts domiciled in the bank.
   

Ikire Microfinance Bank Ltd offers a Fixed deposit account for her customer who requires investing their surplus fund in Fixed deposit. It provides investors a higher rate of interest than a regular savings account, until the given maturity date.

FEATURES:

1. The tenure is mostly 30days minimum, or 180days maximum subject to rolling-over.
   
2. Your Fixed deposit can be used as collateral substitute for loan.
   
3. The interest rate is negotiable based on the prevailing economic terrene.
   
4. Interest with principal can be re-invested at the end of the agreed tenure.
   
5. A tenured deposit can be called for prior to the agreed maturity date with 10% premature termination charges on the interest.
   

Ikire Microfinance Bank Ltd is taking banking facilities to the doorstep of our prospective cum potential customers who cannot leave their businesses for Bank.

This scheme allows customers to safe as low as N100 daily for 30days and to cultivate savings habit. This product equally enables customers to get the 30days contribution upfront and repay later.

FEATURES AND BENEFITS:

1. Minimum start-up of N100.
   
2. Customer to determine the amount to contribute daily.
   
3. Regular and consistent daily amount to be contributed.
   
4. Opportunity to save for 10days and obtain loan (upfront) for 30days saving amount.
   
5. Customer can withdraw part or whole of their savings before end of the month excluding 1(one) day saving which is owned by the bank.
   

REQUIREMENTS:

1. A duly completed mandate card.
   
2. 2(two) passport photographs.
   
3. Copies of acceptable identification means i.e. recent voter’s card or National I.D card.
   
4. Customer’s Bank Verification Number (BVN).
   

This is a savings account that is designed to meet your target festival expenses like Christmas, Ileya and Easter festivals. With this account, customers are not encouraged to make frequent withdrawal from the account. You can make lodgments on the account either on daily basis or at an interval depending on your plan. This account affords you an opportunity to start saving to increase your stock for sale during festive periods.

FEATURES AND BENEFITS:

1. Easy access to your funds when needed.
   
2. Available to salary and non-salary earners.
   
3. Opportunity to accumulate savings for domestic spending during festive seasons.
   
4. N500 minimum balance.
   

REQUIREMENTS:

1. Duly completed Account opening form.
   
2. Account opening balance of N2000.
   
3. 3 recent passport photographs.
   
4. Valid means of identification i.e. Voter’s card, National I.D card and utility bill.
   

This product is designed to procure tangible assets for our current account customers. With this product, once you save 30% of your intending asset cost then you are good to go. There is flexibility approach to issue i.e you can walk in and access the facility once the 30% initial deposit is met.

FEATURES:

1. 30% initial deposit.
   
2. You will have to operate your account for nothing less than 3(three) months before assessing the facility.
   
3. The repayment is spread over the period of 10(ten) months.
   
4. We procure the asset for the customer.
   
5. Interest of 4% at reducing balance method.
   

REQUIREMENTS:

1. Duly completed Account Opening Forms.
   
2. 3 passport Photographs
   
3. Valid and acceptable means of identification i.e. National I.D card, Voter’s card, International passport, Driver’s license and Utility bill.
   
4. Minimum of 2(two) guarantors who operate current account with us.