My Loan
A loan product designed strictly for pensioners who are in need of working capital loans to assist them in post retirement businesses.
Features
- Access to loan from N50,000.00 and above
- Up to 24 months repayment plan
- 5% interest per month reducing balance
- 1% commitment fee & 1% Admin fee
- 1% interest on insurance
- Equity contribution not applicable
Benefits
- Easy Loan procedure
- Affordable and convenient loans
- Competitive interest rate
- Opportunity to grow your business after retirement
Requirements
- Must be retired and on monthly pension
- Client must be earning at least N16,000.00 monthly
- Meet all documentation and information ? related requirements to Accion MfB
- Client to authorize PFA to make monthly annuity into client’s account with Accion
- Repayment of loan debited from client?s monthly annuity payments