Products & Services

This is an individual current account which enables the account holder to issue his / her cheque to 3rd parties or present the cheque for clearing without visiting the bank.

Features & Benefits

Access to customized cheque book.
Allows for Third party withdrawal on account.
Convenience banking
Access to e-banking services.
Access to Loans and Overdrafts.

his is an account for corporate entities whose businesses may be registered by:
Name: Business name registration e.g. Enterprises or Ventures or Incorporated as a Limited Liability Company.Account holders are issued with the bank’s instrument which is payable also through the clearing system when presented in any bank within the country.This account can be opened by Churches and Mosques, Sole Proprietorship & Partnership.

Features & Benefits

Access to customized cheque book.
Allows for Third party withdrawal on account.
Convenience banking
Access to e-banking services.
Access to Loans and Overdrafts.

This is a specialized savings account opened by account holder for savings towards a specific future project namely payment of house rent, children’s school fees, Christmas or Salah celebrations, purchase of household appliances or even marriage.

The key goal of opening this account is to save at the convenience of the account holder a certain sum periodically.

Features & Benefits

Safety and security of funds.
Flexible tenor.
Stable interest rate throughout the duration.
The account could be used as collateral for loan.

This product is designed mainly for micro customers who are Petty traders, Tailors, Barbers, Beauticians, Vulcanizers, and Mechanics etc.

The purpose of this account is to encourage members of a cluster group numbering from 5 -20 to establish a business relationship with the bank in growing their businesses.

The product also provides for the group members to open their individual savings accounts and save weekly.

This account can be opened by clubs and societies, churches and mosques.

Features & Benefits

Simple account opening process.
Encourages regular savings among members.
Easy accessibility of credits for group members.
Flexible loan tenor and repayments.
Stable interest rate throughout the loan tenor.
The account could be used as collateral for loan.
Helps to increase working capital of members.

This product is designed mainly for salary earners whose main challenge is saving from their monthly income.

Staff members of organizations are encouraged to establish cooperative groups within their business environment and monthly savings ranging from N2, 000 above per staff with participating members who have saved for over 6 months can borrow 3 times their savings from the cooperative purse at an interest rate below the conventional.

Features & Benefits

Simple account opening process.
Encourages saving and easy accessibility.
Accessibility to credits.
Affordable rates.
Encourages and builds savings.

This is a specialized account for salary earners which enables account holder’s whose salary is domiciled in Maritime MFB to apply for Maritime Anchor (Salary Advance) in cases of emergency.

Features & Benefits

Simple account opening process.
Access to Maritime Anchor.
Flexibility.

This product is designed to encourage long tenor savings of idle funds from individuals and corporate entities.

The account offers higher returns on investment in comparism with the regular savings account.

Features & Benefits

Simple account opening process.
Safety and security of funds.
Flexible tenor.
Attracts higher Interest earnings.
Stable interest rate throughout the duration.
The account could be used as collateral for loan.
Helps to increase working capital.

This is a specialized savings account opened by parents for the benefit of their children. This account is met to create a pool of funds through regular savings by the parents for the child’s education and general well-being.

Features & Benefits

Simple account opening process.
Attractive interest rate.
Access to ATM card.
Safety of deposits.
SMS alert on all transactions.
Helps create stable finance for the future.
Account can be used as collateral.

This is a unique micro loan product designed mainly for micro customers of the bank who are engaged in daily income generating activities.

This loan product is design to inspire micro customers of the bank to save first from their business activities and advance a credit line between N5, 000 – N50, 000 repayable over a loan tenor of 40 working days with a continuation of the daily savings till the final loan liquidation.

The product helps in increasing the working capital of the customer thereby improving the financial well-being of the customer after the full repayment of the first loan.

Features & Benefits

Customer opens a savings account with Maritime MFB with a minimum of N1, 000.
Minimum daily savings of N200.
Customer saves for 5 working days.
Loan size is based on the daily savings.
Maximum loan amount is N50, 000.
Daily savings continues during the loan repayment tenor.
Daily savings is cash back security for loan facility.
Loan repayment commence on the 6th day of loan disbursal.
Loan tenor is 40 working days.
Immediate application for fresh loan is allowed subject to full repayment of current loan.
1 Loan guarantor required.
Guaranteed increase in working capital after full loan repayment.
No additional charges on loan.

This product is designed mainly for micro customers engaged in daily income generating activities whose businesses are located in approved markets in Lagos State.

Features & Benefits

The Group opens their Group account.
Group members open Individual savings accounts each.
Group members save weekly through their individual accounts 20% of the intended loan sum.
Group members must operate their account for 30 days before loan request is presented.
Loan tenor is 12 – 24 weeks.
Loan repayment is weekly to be collected at the group weekly meetings.
Compulsory weekly savings of 1% of loan amount by each group member.
20% Equity contribution is part collateral for the facility.
Group members provides cross guarantees for each other.
1 external loan guarantor to be provided by each group member.

This product is designed for other micro customers of the bank whose loan requirement is in the excess of N100, 000 but not more than N300, 000. This product has a more flexible loan repayment terms with longer loan tenor.

Features & Benefits

Simple account opening process.
Operates account for more than 14 days.
Minimum loan equity contribution is 10%.
Loan tenor is 12 – 24 weeks.
Loan repayment is weekly or monthly subject to the cash flow of customer’s business.
Competitive loan interest.
2 loan guarantors to be provided who must issue their postdated cheques along with 6 months bank account statement.

This product is designed for other customers of the bank whose loan requirement is above
N500, 000. This loan product has a longer loan tenor

Features & Benefits

Simple account opening process.
Operates account for more than 14 days.
Minimum loan equity contribution is 20%.
Loan tenor is 3 – 6 months.
Loan repayment is monthly.
Competitive loan interest.
2 loan guarantors to be provided who must issue their postdated cheques along with 6 months bank account statement.

This product is designed mainly for customers who operate salary accounts with the bank and elects to purchase home appliances.

Features & Benefits

Simple account opening process.
Operates account for more than 3 months.
Customer saves up to 20% cost of purchase of selected asset.
Loan tenor is 3 – 12 months.
Loan repayment is monthly deductions from salary.
Monthly loan repayment amount must not be greater than 33% of salary.
Assets to be purchased in the name of the bank with ownership conferred on the customer after loan has been fully repaid.

This product is designed for customers who operate a salary account with the bank. This is a special product that helps customer’s to bridge the financial gap between the next salary payment in meeting his/her financial obligations like payment of children’s school fees, emergency medical expense, accommodation etc.

Features & Benefits

Simple account opening process.
Domiciliation of salary account with Maritime MFB
Maximum loan tenor is 6 months.
Loan repayment is direct monthly deductions from salary.
Flexible loan repayment.

This product is designed for customers who require finance for their Local purchase order (LPO).
The LPO must not have more than 90 days payment tenor.

Features & Benefits

Simple account opening process.
Maximum Loan tenor is 90 days.
Loan repayment is balloon payment of Loan principal and Interest at maturity.