Your Financial Goals,
Within Reach.
From tailored employee credit to dedicated event savings, Magnet MFB provides the secure, modern financial backing you need to grow your life, your school, and your business in Nigeria.
10k+
Local Businesses Empowered
Rooted in Lagos
At Magnet Microfinance Bank, our roots run deep in the vibrant communities of Bariga, Shomolu and environs. We believe that true financial strength is built locally, which is why our mission is dedicated to uplifting the enterprising individuals and small businesses that form the backbone of our economy.
We offer more than just banking; we offer a partnership built on trust, integrity, and a modern approach to accessible financial services. Your growth is our greatest achievement.
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Community-Focused Solutions
Tailored financial products designed for the reality of local markets.
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Transparent & Secure Processes
No hidden fees. Just clear terms and bank-grade security for your peace of mind.
Credit Built for Your Reality
Access flexible, low-interest credit designed specifically for salary earners and educational institutions to fuel your ambitions without the stress.
MECS Magnet Employee Credit Scheme
Fast, reliable access to funds for individuals in stable employment. Handle emergencies or invest in personal projects with confidence and ease.
MSSFS Magnet School Support Facility
Empowering educational institutions to expand infrastructure, manage cash flow, and elevate the learning experience with tailored financial support.
Savings & Everyday Banking
Secure your future and manage your daily finances with our premium accounts designed for discipline and growth.
Target Savings Plans
Discipline meets reward. Save towards specific milestones with highly competitive interest rates designed to accelerate your goals.
MITSA
Ileya Target
Plan ahead for a fulfilling festive season.
MEYA
End of Year
Secure your funds for year-end goals.
MESS
Events Target
Dedicated savings for life's big moments.
METSA
Education Target
Invest in tomorrow's academic excellence.
Current Account
Flexible daily transactions engineered for business and personal liquidity.
Regular Savings
Build your safety net with easy, secure deposits and instant withdrawals.
Fixed Deposits
Lock in your funds for an agreed tenure and earn premium, highly negotiated interest rates designed to maximize your returns.
Ready to Experience Better Banking?
Whether you are looking to open an account, apply for a loan, or need financial advice, our team is ready to assist you right here in Lagos.
Head Office
Magnet Microfinance Bank
Bariga / Shomolu Axis
Lagos State, Nigeria
Email Us
hello@magnetmfb.com
Call Us
+234 (0) 800 MAGNET MFB