Loans

Flexible Lending Solutions for Your Financial Goals

Loans & Overdraft

At OmniAfric Trust Bank, we understand that financial needs can arise at any time. Whether you're managing unexpected expenses, funding an important purchase, or bridging short-term cash flow gaps, our flexible loan and overdraft solutions are designed to provide the support you need — quickly, conveniently, and responsibly.

Personal Loans

What Are Personal Loans For?
Our Personal Loans provide convenient financing for customers who maintain an active banking relationship with the Bank. Whether you need funds for unexpected expenses, a major purchase, home improvements, education, or other personal commitments, this facility offers flexible financing with a standard repayment period of up to 12 months.

To apply for a Personal Loan, applicants are required to provide:

  • Domiciliation of a personal current account with the Bank
  • A completed loan application form stating:
    • Amount requested
    • Purpose of the loan
    • Preferred repayment period
  • Guarantor information

Personal Overdrafts

What Are Personal Overdrafts For?
Our Personal Overdraft Facility provides flexible short-term financing for customers who need temporary access to additional funds through their current account. It is an ideal solution for managing unexpected expenses, bridging temporary cash flow gaps, or covering urgent financial commitments, with a maximum facility tenure of 12 months.

To apply for a Personal Overdraft, applicants are required to provide:

  • Domiciliation of a personal current account with the Bank
  • A completed overdraft application form stating:
    • Amount requested
    • Purpose of the facility
    • Preferred facility duration
  • Acceptable tangible collateral
  • Interest is charged only on the amount utilized, helping reduce borrowing costs
  • A one-time management fee of 2% is payable upon approval of the facility

Salary Loan Scheme

What Is the Salary Loan Scheme For?
Our Salary Loan Scheme provides eligible salaried employees with convenient access to funds based on their regular monthly income. Designed for customers whose salaries are domiciled with the Bank, this facility offers structured financing with manageable repayments deducted over an agreed period, making it easier to meet personal financial commitments without disrupting monthly cash flow.

To qualify for the Salary Loan Scheme, applicants must meet the following requirements:

  • Maintain an active current account with the Bank for a minimum of three (3) months
  • Domicile monthly salary and other employment-related income with the Bank
  • Submit a formal application or request letter
  • Provide a Letter of Undertaking from the employer
  • Sign an Irrevocable Commitment Letter
  • Provide a copy of the employment appointment letter issued by the employer