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Mutual Plus Loan

  • Mutual Plus Loan
  • Offers credit facility to salary earners in the private sector
  • Applicant’s must be a confirmed staff of the institution

Pre-Approval Documentation

  • Applicant’s Employment and confirmation letter
  • Passport of Applicants and guarantor
  • Applicant id card
  • Guarantors id
  • Six month salary account statement of customer

HOW IT WORKS

Get loan you can repay easily between 
₦70,000 – ₦2,000,000

Loan repayment range from 3 months (90 days),
6 months (180 days), 12 months (365 days), and 18 months
.

Monthly interest rates range from
3% to 4%

(APRs range from 35% to 48%).

Example of Mutual Trust Loans:
Loan amount of ₦1,000,000 borrowed over 12 months.
Interest rate (APR): 35.5% = ₦355,000
Total amount payable: ₦1,355,000
Monthly Repayment: ₦112,916.67 (In 12 months)

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