Who are eligible for loans?
The staff of FUTO,  the active poor that have ventures within Owerri West L.G.A and falls within the age bracket of 30-60 years and FUTO contractors.

What are the requirements to get a loan?

• One passport photograph for the applicant and the guarantor.
• For employees of FUTO, an irrevocable letter from Bursary Department and a guarantor whose salary is equal or above the applicants, domiciled with the bank.
• For non employees of FUTO, two guarantors whose salaries are domiciled with the bank is required.
• Contractors of FUTO are to provide a copy of their LPO, a domicile letter and a guarantor who must be a corporate contractor of FUTO.

How many days does it take to process a loan?
The application takes three working days after the submission of the loan documents.

How much can i access as loan?
You can get N20, 000 to N3000000 subject to the result of evaluation.

How many months will i use to repay a loan?
Loan repayment tenure is from 1 to 30 months.

What is the loan interest rate?
The interest rate is 24% per annum.

How to check account balance?
Customers can now check their account balance@FUTO MFB with this code from their mobile phone. Dial *614*302*0#

Virtual airtime top-up?
Customers can now do a virtual airtime top-up from their account @FUTO MFB with their mobile device by sending this code  *614*302*Amount#. Thank you for banking with us.