Banking for everyone

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Current Account

We offer current/cheque accounts for individuals, small products and medium scale industries, non-governmental organizations, societies. These accounts are structured to serve customers in running their business operations without hindrances and prepare them for credit facilities if the need arises in the course of business relationship. Our cheques are accepted for clearing throughout Nigeria.

Product features:

  • Account is a current
  • Minimum opening balance of N5,000
  • No minimum operating balance
  • Issuance of Cheque book
  • Card issuance
  • Profiled for internet and mobile banking

Product features:

  • Account is a current account
  • Minimum opening balance of N25,000
  • Search is conducted on account
  • No minimum operating balance
  • Issuance of Cheque book
  • Card issuance
  • Profiled for internet and mobile banking

Product features:

  • Corporate Current account
  • Minimum opening balance and maintainable balance of N200,000 ·
  • Search is conducted on account
  • Issuance of Cheque book
  • Card issuance
  • Profiled for internet and mobile banking
Savings Icon

Savings/Deposit Accounts

We offer various savings accounts that offer competitive returns and serve the needs of customers who are transaction cost averse but desire some benefits of current accounts.

Product features:

  • Zero Account Opening Amount
  • Payment Card issuance
  • Interest forfeiture applied after 3 withdrawals
  • Interbank transfer charge applicable
  • Access to mobile and internet banking
  • Account opened Digitally or Manually
  • Good Interest Rates

Product features:

  • Minimum Opening balance of N5,000
  • Minimum operating balance of N2,500
  • Access to internet and mobile banking
  • Issuance of Internal non-clearing cheque book
  • Card issuance
  • Interest forfeiture applied after 3 withdrawals
  • Group Savings
  • Interest Yielding

Product features:

  • Access to lockdown funds for a specified period.
  • Minimum opening and operating balance of N25,000
  • Forfeiture of interest after one withdrawal in a month
  • No card issuance
  • Access to mobile and internet banking
  • High yielding Interest

Product Features:

  • Product targeted for children below 18-years .
  • Minimum account opening balance is N1,000.
  • Deposit of e-dividend warrants in the name of the child.
  • Forfeiture of interest after 3 withdrawals in a month.
  • Account will be opened by parents or guardian.
  • No card issuance.
  • Birth certificate and all KYC requirements of parents or guardian.
  • Profiled on mobile and internet banking.

Product features:

  • High and negotiable interest rate.
  • 30% penal rate on interest for early liquidation.
  • No card Issuance.
Open an Account
Loan Icon

Loan for customers

We offer very high yield fixed deposits for 30 days, 60 days, 180 days, and 365 days tenors. The rates are determined by the amounts and tenors of the fixed deposit but are subject to deduction of withholding tax on maturity or liquidation.

Product features:

  • Nano loans (Keremi)
  • No collateral application with only BVN
  • Clean Credit History
  • Fully Digital assessment and quick disbursements
  • Max amount is N50,000
  • 60 days Tenor
  • Disbursement must be into the e-Barcs account
  • Meet our Risk Acceptance Criteria
  • Financing Household equipment and appliances
  • Financing renewable energy items/Installation
  • 40% equity contribution
  • Insurance cover on items financed
  • Product Delivery to your doorstep
  • Digital assessments and disbursements of loans
  • Max amount N2,500,000
  • Minimum amount of N25,000
  • For employees or Business owners
  • Statements of account for the last six months
  • 1-12 Months Tenor

Product features:

  • Finance core trading activities (working capital).
  • For businesses trading for at least 2-years.
  • Stock refinancing, import trade financing, clearing and haulage.
  • Periodic repayment of principal and interest.
  • Minimum of 1% of principal amount as compulsory savings monthly.
  • Purchase of productive assets.
  • 30% equity contribution in the account.
  • Confirmed proforma Invoice from seller.
  • Fire/ burglary and special peril insurance.
  • LPO and discount invoices of reputable organizations.
  • Confirmation of Invoices/LPO.
  • 30% equity contribution.
  • 70% maximum invoice value.
  • Domiciliation of payments with the Bank.
  • Goods in transit insurance for perishable goods.

Product features:

  • For economically active traders in market clusters.
  • Loans are disbursed into individual member's accounts.
  • Weekly repayment/collection of principal and interest.
  • Maximum loan amount per individual is N500,000.
  • Group size from 5-10 persons.
  • Fire, burglary, and special perils insurance.
  • Cross guarantee from members.
  • For employees of the private and public sector Institutions not under IPPIS.
  • Proof of Employment (Employment Letter, ID Card, and Official e-mail confirmation)
  • Provision of 3 months’ payslips
  • 12 months salary account bank statement.
  • Loans to civil servants under IPPIS platform
  • IPPIS Numbers.
  • Provision of last 3 months’ payslips.
  • 12 months salary account bank statement.
  • Loan for serving Corp member
  • Account Must be domiciled with e-Barcs
  • Loan repayment must be within the period of service
  • Max of N100,000
  • Any Corp member who has spent more than 2 months in service shall not qualify for the loan
  • Portfolio size of N200 Million
Apply for loan
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Other Services

In addition to the traditional banking services, we offer the following.

  • Business advisory services to micro businesses owners to enhance their financial literacy
  • Local remittances and transfers
  • Current and savings account maintenance

At e-Barcs Microfinance Bank, we take your privacy and security important and only process your personal information to make your banking experience better in accordance with Nigeria Data Protection Regulation (NDPR) and other related regulations, continuing to use this platform indicates your consent to the processing of your personal data by e-Barcs and its partners as detailed in our Privacy Policy.