MBC Consumer Loan is the microbank’s personal lending product for everyday needs such as purchases, education or family expenses. It complements MBC’s stronger small-business and agro focus.
The effective interest rate is indicated from around 19.3%, and the real rate, amount and term are determined individually for each borrower at the time of disbursement.
What's good
- Available from a licensed microbank
- Flexible use for personal needs
Trade-offs
- Rate confirmed only at borrowing
- Microbank's main focus is business lending
