• +234 8163952870
  • customercare@futomfbank.com
  • Webmail

1

Who are eligible for loans?

The staff of FUTO, the active poor that have ventures within Owerri West L.G.A and falls within the age bracket of 30-60 years and FUTO contractors.

2

What are the requirements to get a loan?

  • One passport photograph for the applicant and the guarantor.
  • For employees of FUTO, an irrevocable letter from Bursary Department and a guarantor whose salary is equal or above the applicants, domiciled with the bank.
  • For non employees of FUTO, two guarantors whose salaries are domiciled with the bank is required.
  • Contractors of FUTO are to provide a copy of their LPO, a domicile letter and a guarantor who must be a corporate contractor of FUTO.
3

How many days does it take to process a loan?

The application takes three working days after the submission of the loan documents.

4

How much can I access as loan?

You can get ₦20,000 to ₦3,000,000 subject to the result of evaluation.

5

How many months will I use to repay a loan?

Loan repayment tenure is from 1 to 30 months.

6

What is the loan interest rate?

The interest rate is 24% per annum.

7

How to check account balance?

Customers can now check their account balance@FUTO MFB with this code from their mobile phone. Dial *614*302*0#

8

Virtual airtime top-up?

Customers can now do a virtual airtime top-up from their account @FUTO MFB with their mobile device by sending this code *614*302*Amount#. Thank you for banking with us.