Safe Target Account is a target savings which is designed to meet some specific needs of our customers ranging from land acquisition to renovation/upgrade of houses/offices. Under this product, customers will be encouraged to operate and build their accounts to the minimum of 33% of targeted amount they would need to meet their targeted need over a period of six months.
Product Benefits:
- Both natural and corporate customers can access this loan.
- Loan can be used to acquire land, renovate or improve an existing property.
- Spouses are allowed as co-borrower.
- Customers can access up to a maximum amount of N2 million
- Minimum equity contribution is 33% for renovation/improvement and 50% for land acquisition.
- Convenient repayment period of 2 years.
- Attractive and competitive interest rate.