Personal Loan

Do you need cash to urgently pay your house rent, Child’s school fees, or buy a household furniture? Sometimes we all need some financial assistance to help us go through hard times. We offer you a loan between 100,000 and 1,000,000 Naira to help you meet a variety of needs. Our repayment pattern is flexible and conveniently spreads over six months for new customers.

  • A Baines Credit MFB account
  • Easy to access
  • No collateral needed.
  • Flexible repayment
  • Get cash within 24 hours after documents verification.

What you need to apply?

  • Be between ages 18 – 55 years.
  • Completed Application form
  • Recent passport photographs of applicant
  • 6 months recent bank statement
  • 6 months pay slip
  • Work ID and letter of confirmation or promotion
  • Guarantor cheque required
  • Interest - 4.5% monthly
Apply for Loan
Group Loan

Baines Group Loan is a product designed for the group of employees of organizations that have common interest. A Memorandum of Understanding is signed by the employer to enable us track repayment. This is usually executed by the company’s head of human resources department to secure loan for their staff. The group of Staff of such companies can access up to 1,000,000 Naira using 40% of their net monthly income. Our repayment pattern is flexible and conveniently spreads over six months

  • Attractive interest rate because of group setup
  • All requests channeled via HR
  • All request guaranteed by the company’s HR /employer
  • Only confirmed staff are eligible to access the product
  • Each individual has access 25, 000 Naira to 1, 000, 000 Naira

What you need to apply?

  • Recent passport photographs of applicant
  • Recent bank statement or payslip
  • Letter from HR
  • Work ID
  • Interest - 4.5% (It may be negotiable depending on volume of loans and comfort but this is subject to the board's approval)
Apply for Loan
SME Loans

When it comes to business basics, easy access to the right financial solutions makes all the difference. Our partnership approach makes us the ideal banker to help you reach your business goals faster. SME Loans provides you with a unique bundle of products and services suited to your business needs. This type of facility is availed to individual business owners, corporate organizations and entrepreneurs who are in need of bridge financing between 100, 000 to 1, 000, 000 Naira.

  • Flexible repayment across 6 months
  • Collateral (Vehicles, cash backed, stock in shops, household properties)
  • The collateral must have a coverage of 200% of the loan amount
  • Get cash in 24 hours after documents verification.

What you need to apply?

  • Completed Application form
  • Certificate of incorporation / Business registration
  • Memorandum and article of Association
  • 9 months recent bank statement
  • Memorandum and article of Association
  • Particulars of Directors ( form C02)
  • A valid means of Identification of signatory(ies)
  • Management profile
  • Company Profile
  • Post-dated cheques for both principal and interest
  • Personal guarantee supported with a cheque
  • Interest - 4.5% monthly
Apply for Loan
Asset Finance

We provide flexible asset financing services covering the range of purchase, leasing and hiring services. We offer products that optimize your cash flow and require no deposit or additional security

  • We provide a flexible way to finance assets via a range of purchase, lease and hiring options
  • We can offer products that optimize your cash flow and may require no deposit or additional security
  • We have a team of Asset Finance specialists who help review your business needs and offer you the right solution

How it supports your business?

  • Enables you to preserve capital and generate income from your new assets while paying for them
  • Provides flexible funding profiles, so you can match repayments to your cashflow cycles and streamline your finances
  • Alleviates the risk and responsibility of ownership
Apply for Asset Finance

An overdraft is a credit facility loaded to your current account. This means that you have the convenience of borrowing on the same account that is used for your daily banking transactions.


  •  An overdraft provides you with cash for unplanned expenses.
  • An overdraft will provide you with the comfort of knowing that you have instant access to extra cash for emergencies.
  • You can use as much of your agreed overdraft limit as you need whenever you need it. The total limit is always available to you for use.
  • You only pay interest on the portion of your overdraft used in any given month.
  • The interest rate is linked to prime so that you receive the benefit when prime rates decrease.
  • No monthly repayment required. Only a deposit into your current account, preferably your salary.
  • You can take up a NGN1500 overdraft limit with no Initiation fee and no monthly service fee, which can be used as a safety buffer on your current account.
  • Once you have an overdraft, you can conveniently increase or decrease your limit via any of Standard Bank's self-service channels.
  • You have the option of taking out insurance on your overdraft facility. This will give you peace of mind knowing that your loan will be settled in full in the event of disability, dreaded disease or death.
Open an Account