FREQUENTLY ASKED QUESTIONS ABOUT GUFAX MF BANK

What does Gufax do?
Ans: Gufax is a Micro-finance Bank. It receives and manages funds from both co-operate bodies and individuals irrespective of cadre and also gives loans.


What type of products does Gufax have?

Ans: Our Products include

-   Gufax Real Life Scheme
-   Gufax Savings Account
-   Gufax Current/Corporate Account
-   Gufax Traders Benefit Account
-   Gufax Car Acquisition Scheme
-   Gufax Riders Account Account

 

Does Gufax give Loans?
Ans: Yes, we do

Does Gufax give loans to groups?
Ans:
We give loans to organized groups who are in business.

 

How long will I need to operate my accounts before getting a loan?
Ans:
Run your account for at least 3 Months for proper assessment.

 

What is your interest rate?
Ans:
Our interest rate is low and negotiable.

 

What do I do when I can’t come to Gufax to pay in money for reasons beyond my control?
Ans:
Gufax Microfinance Bank renders personalized services to their customers. If you are unable to come to make deposits into your accounts, an account officer will be assigned to collect deposits on your behalf, to be paid in your favour.