Triple A Consumer Appliance Loan Scheme is designed to provide low-income earners with the opportunity to easily and gradually furnish their homes with modern appliances and electronic gadgets.

Features & Benefits

  • Maximum Limit N100,000
  • Interest Rate 2% (On Reducing Balance)
  • Affordable and Flexible Repayment Plan
  • Tenor (Six months)

Requirements

  • Must be an Account Holder with the Bank
  • Hand Written Loan Application
  • Equity contribution of 10% of the required amount.
  • Collateralized by Third (3rd) Party Guarantee/Guarantor.
  • Evidence of employment or existing Business
  • Note – Evidence of Capacity to repay must be seen from Obligor and Guarantor
  • Duly completed loan application
  • Duly completed personal guarantee form
  • Duly completed third (3rd) party Guarantee form
  • Passport photograph of the Guarantor
  • Post Dated cheque covering principal and interest from Guarantor
  • A copy of the Guarantors form of acceptable identification.