At Cedrus Microfinance Bank, we believe banking should be simple, safe, and designed to help you grow. Whether you’re saving for the future or need funds to scale your business, we’ve got you covered with reliable financial solutions that work for everyday Nigerians.
We don’t just offer you ,Savings we offer growth.
Cedrus MFB provides flexible savings accounts tailored to your personal life, business goals, or family needs with high-yield interest rates that reward your consistency.
Designed for entrepreneurs and SMEs
Helps you separate business funds from personal expenses
Grow your reserves while you run your business
Earn interest even as you manage expenses
Ideal for: shop owners, freelancers, startups, and online sellers.
Open with as little as ₦1,000
Earn up to 20% annual interest
Save daily, weekly, or monthly — your choice
Easy withdrawals. No hidden fees.
100% insured and secured
Ideal for: salary earners, side hustlers, students, and everyday savers.
Help your kids build wealth early
Guardian-managed deposits
Locked savings with bonus interest rates
Includes financial literacy tips for parents
Ideal for: parents planning ahead for school fees, birthdays, or big milestones.
Access up to ₦10 million in credit with low interest and flexible repayment.
Whether you’re starting something new or trying to expand what you’ve already built, we offer low interest loans that support your vision without burying you in debt.
Our process is fast, transparent, and designed around real-world cash flow, not unrealistic paperwork.
Interest as low as 3.5% monthly
Fast processing (within 48–72 hours)
Transparent terms. No hidden fees.
CBN-insured and 100% NDPR-compliant
Borrow from ₦50,000 to ₦500,000
Quick approval, minimal documentation
No collateral required (for first-time borrowers)
Weekly or monthly repayment options
Ideal for: market traders, artisans, service providers
Get up to ₦10 million in capital
Flexible collateral terms
Tailored repayment plans (3 to 12 months)
Business advisory available on request
Ideal for: registered businesses, scale-ups, and contractors
We’re here to help you understand our offerings better. If you have any specific concerns or need further information, feel free to browse through these common questions.
We provide a range of loans including personal loans, business loans, and specialized loans tailored for startups. Each type of loan comes with specific conditions and benefits to suit your needs.
Applying for a loan is easy. You can fill out our online loan application form found on our website. Once submitted, our team will review your application and contact you for any necessary details.
Our interest rates vary based on the loan type and the applicant’s qualifications. You can find detailed rates on our website or inquire directly through our chat support for personalized information.
You can reach our support team through the chat option on our website or by calling our customer service number. We’re available to assist you on weekdays from 9 AM to 5 PM.
We offer various savings accounts tailored for different needs, including regular savings, high-yield accounts, and dedicated savings plans for specific goals. More info can be found on our products page.
