Richway Microfinance Bank, has launched a ‘Quick Credit’ digital loan scheme for civil servants. The online loan product is designed to address the urgent financial needs of civil servants whose salaries are being paid through Remita, the MFB said in a statement.
The new product allows government workers whose salaries are processed by Remita to apply for loans of up to N2.5 million and repay within 6 months with interest rate, without need for collateral and unnecessary documentation.
Commenting on the product, the Managing Director and Chief Executive Officer, Richway Microfinance Bank, Mr Adenrele Oni, said the product is committed to empowering its customers to fund their urgent financial needs up to the sum of N2.5 million through trusted, simple and smart solutions, within 10 minutes.
“At Richway, we are committed to helping individuals achieve their personal financial goals through financial intermediation and that is why our offerings are designed to conveniently meet the financial needs of our customers,” he said.
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