Personal Loan

The facility is designed to assist working class at whatever level to help themselves improve their living standards in a such a manner that they can acquire necessary consumer durables enabling them lead a descent and comfortable life. On the part of the employer, the facility’s is meant to entirely relieve him of the cash flow and management burden of Personal Loans or staff loans generally. It is ideally designed for consumer durables purchase like Sofa sets, dining sets, Display Cabinets, Fridges, Cookers, TV screens and decorders, etc. Personal loans are recoverable in maximum period of 24 months. The employee will complete a Personal Loan Application Form, attach Payslips of the previous 2 months and a copy of a National ID Card through the employer. The facility shall be approved within 2 days and once the loan has been accepted, disbursement through direct transfer to a bank account will be made a day later. The entire loan including interest shall be recovered within 24 months. Currently personal loans attract 42% interest rate per annum charged at monthly declining balance.