Personal Loan
Personal loans are the loans provided to meet individual needs such as debt consolidation, wedding expenses, vacation, etc.
Educational Loan
Education loans are provided to meet the expenses involved in education such as payment of tuition fees, book fees and living expenses.
Business Loan
Business loans are provided for business purposes. They are provided for the development of an existing business, to set up a new company, to acquire raw materials and so on.
Agricultural Loan
This type of loan is provided for the benefit of farmers to improve the agriculture activity in their farmlands. The common agriculture loans are provided
To purchase farm lands
To purchase farm machinery such as tractors, harvesters, etc.
To buy cattle
Crop loans
Vehicle Loan
Vehicle loans are provided for buying new cars, two wheelers as well as used and refurbished vehicles. This loan is very useful for those who have a strong desire to own a vehicle and for all those who are seeking flexible transportation means.
Available Loan Facilities
Short Term Loans
Up to 200 per cent of your current savings with the Cooperative.
Repayment plan within 10 months.
5 per cent interest (a loan of N1 million for example attracts a total interest of just N50,000)
No hidden charges
Medium Term Loan
Up to 200 per cent of your current savings with the Cooperative.
Repayment plan within 11 to 20 months.
6 per cent interest (a loan of N1 million for example attracts a total interest of just N60,000)
No hidden charges
Long Term Loan
Up to 200 per cent of your current savings with the Cooperative.
Repayment plan within 11 to 20 months.
6 per cent interest (a loan of N1 million for example attracts a total interest of just N60,000)
No hidden charges
Apply Online
Step 1: Login to the Member Service Portal (E-Coop Portal) using your secure username and password
Step 2: Fill the online application form
Step 3: Submit the form online.
Step 4: Call the member care line to verify receipt of your application and updates on its status
Download and Fill Form
Step 1: Fill and sign the application form as appropriate
Step 2: Send the hardcopy of the filled form to the Cooperative office.
Step 3: Call the member care line to verify receipt of your application and updates on its status.