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FAQ

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frequently asked questions

FAQ

We’ve been passionate about achieving better results for our clients.

1. Am I eligible for a RexMFBank loan? Why am I not qualified for a loan? − +
To qualify for a loan, you must be:
  • Be between 22 – 58 years old
  • Have a verifiable source of income
  • Live and / or work in Nigeria
  • Have a savings or current bank account with any commercial bank
2. How much can I borrow and for how long? − +
You can get up to ₦10million for 12 months. T & C applies or visit our office.
3. How do I apply? − +
Please visit our website Rex Microfinance Bank Ltd. to apply or call +234 90 2115 9180.
4. How long does it take to process a loan? − +
Your loan process can be completed in 24 hours provided all documents are valid & presented on application... RexMFBank
5. What documents do I need to apply for a loan? − +
You need the follow:
  • 6 months bank statement
  • A government issued ID card
  • Utility bill
  • Passport Photograph
  • Payslips (where applicable)
  • Bank verification number (BVN))
6. Why does RexMFBank need my BVN? − +
This is a CBN policy applicable to financial institutions as part of KYC requirements.