Simple, Transparent Pricing
Compare All Features
| Features | Basic Saver | Business Growth | Community Enterprise |
|---|---|---|---|
| Account Features | |||
| Monthly maintenance fee | ₦500 | ₦2,500 | ₦5,000 |
| Minimum opening balance | ₦1,000 | ₦5,000 | ₦10,000 |
| Free monthly transactions | 20 | 100 | Unlimited |
| Additional transaction fee | ₦50 | ₦30 | ₦0 |
| Loan Access | |||
| Micro-loan eligibility | After 6 months | Immediate | Immediate |
| Maximum loan amount | ₦100,000 | ₦500,000 | ₦2,000,000 |
| Interest rate | 5% monthly | 4% monthly | 3% monthly |
| Repayment period | Up to 6 months | Up to 12 months | Up to 24 months |
| Digital Services | |||
| Mobile app access | ✓ | ✓ | ✓ |
| SMS alerts | ✓ | ✓ | ✓ |
| Online transfers | ✓ | ✓ | ✓ |
| Analytics dashboard | — | Basic | Advanced |
| Support & Services | |||
| Customer support | 24/7 phone | Priority 24/7 | Dedicated manager |
| Financial advisory | — | Quarterly | Monthly |
| Cash pickup service | ₦200 per pickup | ₦100 per pickup | Free |
| POS terminal | — | ✓ | ✓ |
Choose Your Plan
Frequently Asked Questions
What documents do I need to open an account?
You'll need a valid government-issued ID (National ID, Driver's License, or International Passport), proof of address (utility bill or tenancy agreement), and a passport photograph. Business accounts also require business registration documents.
How quickly can I get approved for a micro-loan?
Basic Saver members can apply after 6 months of active account usage. Business Growth and Community Enterprise members are eligible immediately. Loan approval typically takes 24-48 hours once you submit all required documentation.
Are there any hidden fees?
No hidden fees. We believe in complete transparency. All charges are clearly listed in your plan details. You'll only pay the monthly maintenance fee, transaction fees beyond your free limit, and any optional services you choose.
Can I upgrade or downgrade my plan?
Yes, you can change your plan at any time. Upgrades take effect immediately. Downgrades take effect at the start of your next billing cycle. Contact our support team or manage your plan directly in the mobile app.
What happens if I miss a loan repayment?
We understand that financial challenges happen. Contact us immediately if you anticipate difficulty making a payment. We offer flexible repayment options and grace periods. Late payments may incur a small fee and affect future loan eligibility.
Is my money safe with MicroBank Lagos?
Absolutely. We are fully licensed and regulated by the Central Bank of Nigeria. All deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC) up to the maximum limit. We use bank-level encryption to protect your data.
Can I have multiple accounts?
Yes. You can open multiple savings accounts under one plan. Business Growth and Community Enterprise plans also support multiple user access, perfect for families or business partners managing finances together.
How do I access my account?
Access your account 24/7 through our mobile app (iOS and Android), online banking portal, or visit any of our community branches across Lagos. You can also perform basic transactions via SMS or USSD code.
Ready to Get Started?
Open your account today and start building a stronger financial future for you, your family, and your business. No complicated paperwork, no long waits—just simple, affordable banking designed for our community.