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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