Welcome to LMFoundation

Call us on +23408143066352

MON-SAT: 9:00AM - 5:30PM

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About Business Loan

LMF-MEGA is an innovative package designed to assist and enhance growth of micro and small enterprises in Nigeria. Both new and existing individual members can benefit from this package. While, processing time is within 5hours on completion of necessary documentation.

Business loan Benefits with LMFoundation

  • Simplified Documentation
  • Loan Processing in 5hours*
  • Transparent Processing
  • Competitive Pricing

This loan package is specially for individuals looking for money to improve their businesses and those who have hopes to expand their business. Perhaps you you are trying to start a new business and you need funds, you can contact LMFoundation here Contact US or click the button below.

Apply Now

Features and Benefits of Loan

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Faster Loan

For funding medical expenses, hospitalization, surgery, No collateral required. Sed eget accumsan justo. Nullam nisl nisi.

Choose your amount

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Enjoy the best rates

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Decide your tenure

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Eligibility Criteria for Loan

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.

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Age

Maximum age of applicant at loan maturity: 40 years

Income

Minimum Net Monthly Income: ₦35,000

Credit Rating

Applicant should have the bank specified credit score.

Check Eligibility Apply For Loan

Documentation

The following documents are required along with your Personal Loan application:

  • Personal Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Home Address proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Bank statement of previous 3 months (Passbook of previous 6 months
  • Latest salary slip/current dated salary certificate with the latest Form 16

Fees and charges

Proin condimentum sagittis ligula, ac porttitor quam dictum in Below are fees and charges that you may be required to pay:

  • Types of fees

    Charges applicable

  • Rate of interest
    Up to 20%
  • Processing fees
    ₦1,500
  • Loan statement charges
    Nil
  • Interest & principle statement charges
    Nil
  • Loan Late Repayment
    1% for every everyday
  • Secure fee
    NA

Frequently Asked Questions

We are almost ready with your Frequently Asked Questions. Already we answered all question please check below may i will help to you.

LMFoundation is ready to empower and activate your entrepreneurial spirits. We offer: No or flexible collateral support. No savings before accessing loan Quick processing time Affordable interest rate Opportunity to enjoy hybrid term loan SMEs capacity support and training Free business plan Advisory services
LMFoundation financial support solutions are uniquely different. Our teams are ready to process, approve and disburse fund to you instantly or within 24hours, when or if necessary loan requirements have been received and accepted for the purpose of the product being applied for.
Depend on the loan package you apply for, you pay back your loan weekly installment or monthly due date. LMFoundation allow direct payment into the designated LMFoundation Receiving Bank Account. You can do repayment via bank transfer. Just ensure you pay back on or before due date in order to avoid unnecessary reminder.
It is our pleasure that you pay back your loan on or before due date and stay away from overdue repayment because it will affect your credit scores with us and it may affect you to re-apply for big loan or increase your loan in future. If your loan is overdue and you refused to yield to our support then 1.75% additional charges daily may take effect until the debt is repaid.
Better way to select right product is for you to go through LMFoundation products first, understand how things works, then, select the right one for yourself. It should be noted that our loan package is short-term range. Make sure you meet up with loan requirements first, before proceed to fill the application in order not to delay your loan approval and fund disbursement.

Download loan forms now

Fulfil your dreams to lead the life you want.

Download form, fill it and submit it in our office. Please check our website header for opening and closing time and our office address in the footer section

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