No Tension

Is a tenured deposit account with high interest rate of 10% specially designed to accommodate middle and low income earners. Here, Customers would have access to loan through Naira Credit Card (NCC) up to 70% of the deposit.

PRODUCT FEATURES

Deposit in tranches of two categories:

Gold
Deposit of N50, 000.00

• 10%Interest rate


Silver
Deposit of N25, 000.00

 
• 7.5% Interest rate
• Incremental deposit allowed in tranches of N25,000 and N50,000
• Issuance of certificate for the value of deposit in denominations N25,000 and N50,000
• Maximum tenure of six months
• Termination of investment before one month attracts loss of entire interest
• Termination of investment after one month attracts loss of 50% accumulated interest
• Issuance of free naira credit card (NCC)
• 3% spot charge on each NCC withdrawal (upfront)
• 0% interest rate on first 30days of NC
• Non repayment after 30 days attracts interest rate of 5% per annum.

BENEFITS

• Principal guaranteed
• Attractive interest rate
• Opportunity to access 70% value as Credit facility
• Use of certificate as a collateral against facility
• Exit window allowed
• Free naira Credit Card