Is NET a licensed Bank

Is NET MFB a licensed bank?

NET Microfinance Bank is a licensed Microfinance bank in Nigeria that is duly licensed by the Central Bank of Nigeria. All customer deposits are insured by the Nigeria Deposit Insurance Commission (NDIC).
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    • Understanding NET MFB Loans: A Beacon of Financial Inclusion

      In the realm of financial empowerment, Microfinance Banks (MFBs) stand out as pillars of support, especially for small and medium-sized enterprises (SMEs) and individuals seeking access to credit facilities. Among the array of MFBs in Nigeria, NET ...
    • Who is Eligibile for NET Loan

      The following are some of the eligibility criteria we may consider for you to get loans from NET MFB. 1. Credit History: We assess your credit history to evaluate your past repayment behavior. A good credit history increases your chances of loan ...
    • How to Apply for NET Loan

      Hello NETians, Below are the steps required to apply for a NET MFB Loan 1. Visit our NET Loans Page on our website 2. Click on Apply now, for new users you will have to create a loan profile while returning users can just login. 3. You will see the ...
    • NET POS Fees & Commissions

      Hello NETians, The following are our fees for NET POS Agents. SN TRANSACTION TYPE AMOUNT CHARGE 1 Withdrawal < N20,000 0.48% >N20,000 N100 capped 2 Withdraw by Transfer ANY AMOUNT N40 3 Transfer ANY AMOUNT N20 4 Paybills ANY AMOUNT 2% Discount 5 POS ...
    • Does NET have branches nationwide?

      We have our head office in AO1 Dawaki Ultra Modern Market, Abuja and we don’t have branches nationwide (because you don’t need branches). NET MFB runs entirely on your phone (with an internet connection) and we’ll deliver your debit card to any ...