This product is targeted towards members of multipurpose cooperative societies of an approved institution by Flobal Financial Services Limited. This product seeks to provide funds to bridge the gap between cooperators seeking loans from their various cooperative societies, but have pending loans to pay up to the cooperative society which makes them ineligible to apply for fresh loans. Flobal Cooperative Collabo Funds pays up the outstanding loan amount to the cooperative on behalf of the cooperator/applicant to enable seamless application.
Features
- Flexibility to meet individual needs
- Loan amount up to 200% of net annual salary (for applicants with terminal benefit)
- Loan amount up to 100% of net annual salary (for applicants without terminal benefit)
- Direct credit to Cooperative Society within 24hrs
Requirements
- Flexibility to meet individual needs
- Loan amount up to 200% of net annual salary (for applicants with terminal benefit)
- Loan amount up to 100% of net annual salary (for applicants without terminal benefit)
- Direct credit to Cooperative Society within 24hrs
- Evidence of Confirmation (Letter of Confirmation, Last promotion letter etc.)
- Copy of Employment ID and valid means of identification
- BVN