Regular Loan – TL
1. To qualify for this loan a member must have a security index of 25% of the requested amount unencumbered in savings. 2. Maximum loan amount is N10,000,000.00. 3. Maximum tenor is 24 months (2years) 4. Interest rate is 18.5% reducing balance. 5. Repayment method is payroll. 6. A member can top up existing loan. 7. Monthly deduction MUST be within 45% of headroom. 8. Expected turnaround time (ETT): 48hrs after application. Apply Electronically
1.
To qualify for this loan a
member must have a security index of 25% of the requested amount unencumbered
in savings.
2.
Maximum loan amount is
N10,000,000.00.
3.
Maximum tenor is 24 months
(2years)
4.
Interest rate is 18.5% reducing
balance.
5.
Repayment method is payroll.
6.
A member can top up existing
loan.
7.
Monthly deduction MUST be
within 45% of headroom.
8.
Expected turnaround time (ETT):
48hrs after application.
Apply Electronically
Target Loan - OTS
1. To qualify for this loan a member must have a security index of 25% of the requested amount unencumbered in savings. 2. Repayment is set against a target income/payment to be paid in payroll e.g., HIS, Security Allowance, November 13th month etc. 3. Maximum loan amount is 10MN. 4. Interest rate is 24% flat per annum and compounded by 24% p.a. where the loan exceeds applied tenor. 5. Maximum tenor of 6 months to actual targeted payment. 6. Repayment method is targeted allowance within the tenor. 7. Expected turnaround time (EET): 48hrs after application.
1.
To qualify for this loan a
member must have a security index of 25% of the requested amount unencumbered
in savings.
2.
Repayment is set against a
target income/payment to be paid in payroll e.g., HIS, Security Allowance,
November 13th month etc.
3.
Maximum loan amount is 10MN.
4.
Interest rate is 24% flat per
annum and compounded by 24% p.a. where the loan exceeds applied tenor.
5.
Maximum tenor of 6 months to
actual targeted payment.
6.
Repayment method is targeted
allowance within the tenor.
7.
Expected turnaround time (EET):
48hrs after application.
Mortgage Loan
1. Maximum loan amount is 40,000,000.00. 2. Maximum tenor is 120 months (10 years). 3. Interest rate is 18.5% reducing balance. 4. Processing’s fee: 0.5% of request amount. 5. Repayment method is payroll. 6. A member can top up existing loan. 7. Monthly deduction MUST be within 45% of headroom. 8. Collateral: property documents. 9. Expected turnaround time (ETT): 48hrs after application. Apply Electronically
1.
Maximum loan amount is
40,000,000.00.
2.
Maximum tenor is 120 months (10
years).
3.
Interest rate is 18.5% reducing
balance.
4.
Processing’s fee: 0.5% of
request amount.
5.
Repayment method is payroll.
6.
A member can top up existing
loan.
7.
Monthly deduction MUST be
within 45% of headroom.
8.
Collateral: property documents.
9. Expected turnaround time (ETT): 48hrs after application.
Apply Electronically
Car Loan - C4
1. Maximum loan amount is dependent on the invoiced purchase price of the vehicle amount. 2. To qualify for this loan a member must have a security index of 15% of the requested amount unencumbered in savings. 3. Repayable through payroll 4. Interest rate is 18.5% per annum interest on reducing balance. 5. Maximum tenor is 48 months. 6. Collateral: Original copies of Car Documents 7. Expected turnaround time (ETT): 48hrs after application. Apply Electronically
1.
Maximum loan amount is
dependent on the invoiced purchase price of the vehicle amount.
2.
To qualify for this loan a
member must have a security index of 15% of the requested amount unencumbered
in savings.
3.
Repayable through payroll
4.
Interest rate is 18.5% per
annum interest on reducing balance.
5.
Maximum tenor is 48 months.
6.
Collateral: Original copies of
Car Documents
7.
Expected turnaround time (ETT):
48hrs after application.
Apply Electronically
External/ Exhibition Purchase
1. To qualify for this loan a member must have a security index of 25% of the requested amount unencumbered in savings. 2. Maximum loan amount is 10MN. 3. Mark-up of 1% charge on purchased items. 4. Interest rate is 18.5% per annum interest on reducing balance. 5. Maximum tenor is 12 months. 6. Repayment method is via payroll. 7. Voluntary repayment is accepted within no penalty to member. 8. Expected turnaround time (ETT): 24hrs after application.
1.
To qualify for this loan a
member must have a security index of 25% of the requested amount unencumbered
in savings.
2.
Maximum loan amount is 10MN.
3.
Mark-up of 1% charge on
purchased items.
4.
Interest rate is 18.5% per
annum interest on reducing balance.
5.
Maximum tenor is 12 months.
6.
Repayment method is via
payroll.
7.
Voluntary repayment is accepted
within no penalty to member.
8.
Expected turnaround time (ETT):
24hrs after application.
Associate Regular Loan – ATL
1. To qualify for this loan a member must have a security index of 100% of the requested amount unencumbered in savings. 2. Maximum loan amount is N10,000,000.00. 3. Maximum tenor is 36 months (3 years). 4. Interest rate 18.5% reducing balance. 5. Repayment method is ISPO/ bank transfer. 6. A member can top up existing loan. 7. Expected turnaround time (ETT).48hrs after application.
1.
To qualify for this loan a
member must have a security index of 100% of the requested amount unencumbered
in savings.
2.
Maximum loan amount is
N10,000,000.00.
3.
Maximum tenor is 36 months (3
years).
4.
Interest rate 18.5% reducing
balance.
5.
Repayment method is ISPO/ bank
transfer.
6.
A member can top up existing
loan.
7.
Expected turnaround time
(ETT).48hrs after application.
Back To School - BTS
1. Maximum loan amount is 2MN. 2. Interest rate is 24% flat per annum. 3. Tenor: Loan starts August and runs till September end; repayment is targeted at November 13th Month Allowance. 4. Repayment method is targeted allowance within the tenor. 5. Expected turnaround time (EET): 48hrs after application. Apply Electronically
1.
Maximum loan amount is 2MN.
2.
Interest rate is 24% flat per
annum.
3.
Tenor: Loan starts August and
runs till September end; repayment is targeted at November 13th Month
Allowance.
4.
Repayment method is targeted
allowance within the tenor.
5.
Expected turnaround time (EET):
48hrs after application.
Apply Electronically
Supermarket Purchase – C1
1. To qualify for this loan a member must have a security index of 25% of the requested amount unencumbered in savings. 2. Maximum loan amount is 5MN. 3. Mark-up of charge on purchased items. 4. Interest rate is 18.5% per annum interest on reducing balance. 5. Maximum tenor is 12 months. 6. Repayment method is via payroll. 7. Voluntary repayment is accepted with no penalty to member. 8. Expected turnaround time (ETT):24hrs after application.
1.
To qualify for this loan a
member must have a security index of 25% of the requested amount unencumbered
in savings.
2.
Maximum loan amount is 5MN.
3.
Mark-up of charge on purchased
items.
4.
Interest rate is 18.5% per
annum interest on reducing balance.
5.
Maximum tenor is 12 months.
6.
Repayment method is via
payroll.
7.
Voluntary repayment is accepted
with no penalty to member.
8.
Expected turnaround time
(ETT):24hrs after application.
Salary Advance
1. Loan limit: 30% of Basic Salary 2. To qualify for this loan a member must have a security index of 25%n of the requested amount unencumbered in savings. 3. Repayment period: Maximum of 1 month. 4. Repayment Method: Payroll or Savings Variation. 5. Admin Charges: 1% of approved amount. 6. Expected turnaround time (ETT): 24hrs after application. 7. Request amount MUST be within 45% of available headroom.
1.
Loan limit: 30% of Basic Salary
2.
To qualify for this loan a
member must have a security index of 25%n of the requested amount unencumbered
in savings.
3.
Repayment period: Maximum of 1
month.
4.
Repayment Method: Payroll or
Savings Variation.
5.
Admin Charges: 1% of approved
amount.
6.
Expected turnaround time (ETT):
24hrs after application.
7.
Request amount MUST be within
45% of available headroom.
Coopwest Home Scheme
1. maximum loan amount is N40,000,000.00. 2. Maximum tenor is 120 months (10 years). 3. Interest rate is 18.5% reducing balance. 4. Processing’s fee: TBA. 5. Repayment method is payroll. 6. Monthly deduction MUST be within 45% of headroom. 7. Collateral: Coopwest retains the property doc.s and transfers ownership and custody after repayment. 8. Expected turnaround time (ETT): 48hrs after application.
1.
maximum loan amount is
N40,000,000.00.
2.
Maximum tenor is 120 months (10
years).
3.
Interest rate is 18.5% reducing
balance.
4.
Processing’s fee: TBA.
5.
Repayment method is payroll.
6.
Monthly deduction MUST be
within 45% of headroom.
7.
Collateral: Coopwest retains
the property doc.s and transfers ownership and custody after repayment.
8.
Expected turnaround time (ETT):
48hrs after application.
Dollar Mutual Fund Investment
1. Start with a minimum deposit of just $1000 2. Enjoy a competitive 7.5% ROI tax-free 3. Flexible terms with a minimum tenor of 6 months. 4. Your investment, secured and protected.