• 08036716341
  • info@otuomfb.com

Account Opening Forms

Choose Our products

At Otuo Microfinance Bank we have lots of products that suits your financial goals. Open one today and lets walk you through the process.

Savings Account

N2000Minimum

Aimed at individuals who want to save securely and earn interest. Target or group savings options

  • ✅ Minimum opening balance of ₦1,000
  • ✅ Regular withdrawals allowed
  • ✅ Passbook or account statement
  • ✅ ATM/Debit card (optional)
  • ✅Cross Platforms Apps
  • ✅ Interest-bearing (monthly or quarterly)

Loan Product

N50kMinimum

  • Designed for individuals, businesses, and organizations for daily transactions.
  • ✅ Range of loan types: Personal Loan, Business Loan, Group Loan, Asset Financing, Salary Advance,
  • ✅ Flexible repayment terms
  • ✅ Requires valid ID, account history with Bank, guarantor(s), or collateral
  • ✅ Competitive interest rates
  • ✅ Fast approval turnaround

Current Account

N5000Minimum

For individuals, SMEs, cooperatives, and groups to access credit facilities.

  • ✅ No interest (non-interest-bearing)
  • ✅ Unlimited withdrawals and deposits
  • ✅ Chequebook issuance (optional)
  • ✅ ATM/Debit card support
  • ✅ Internet and mobile banking access

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