Home Improvement
Live life comfortably with financing to improve your home. This customized account caters to your subsistent needs, providing finance for the improvement and maintenance of your everyday appliances and resources.
Features & Benefits:
- Minimum opening balance of N20,000.00
- Minimum monthly deposits of N20,000.00
- Access to 50% of rent/project cost upon accumulated savings of 50% (subject to other loan conditions)
- Minimum Lock-in / Non-withdrawal period of 6 months
- Savings interest rate will be conventional savings account interest plus 1%
- Minimum of 50% of project cost as equity contribution
- Monthly repayment with maximum tenor of 1 year
- Penalty for default on deposit will be the customer forfeiting all benefits