About Matured Assistance Scheme

This package is designed to encourage students’ applicant who do not meet LMF-RAS requirements, to obtain loan support/assistance from LMF-MAS scheme.

LMF-MAS solution is designed for matured undergraduate students in our tertiary institutions in Nigeria for education financial support. The qualifications and requirements to access this product is minimal.

Loan Benefits

  • Simplified Documentation
  • Loan Disbursal in 5hours*
  • Transparent Processing
  • Competitive Pricing
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Eligibility Criteria for Loan

Any student who can meet the requirements below is eligible to apply for a loan. Loan approval depends solely on the availability of proper documentation and proofs.

Monthly Allowance Must be higher than





Application to be directed to the office of the Head: Executives Educational Counseling and Assistance Programmes –EEC & AP


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

  • Personal Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Guarantee Form

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
  • Loan statement charges
  • Interest & principle statement charges
  • Loan Late Repayment
    1% for every everyday
  • Secure fee

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.

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Fulfil your dreams to lead the life you want.

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