This product is designed to support the development project of schools.
FEATURES:
- Opening balance is N10,000 minimum account
- Six months income and expenditure cash flow
- Interest rate 5% reducing balance
- Upfront Charges is 4% flat
- Tenor is 180days
- Loan application form is 2,000
- Credit search fee is 2,000
- 25% Compulsory savings (Negotiable)
- Security: 2 guarantors with 2 leaflets undated cheque, tangible asset 200% of the facility
- Loan will be duly guaranteed