Safe Annual Rental Scheme allows small business owners, traders and professional firms to obtain short term financing to pay the rent for their homes, shops and offices. The targeted customer must have established business relationship with the bank for a minimum of 6 months while a fixed amount is saved monthly with the intention of taking twice their contribution to pay for rent purpose.
This product is also available for employees of well established firms who need to pay house rent.
- Customers only need to contribute a fixed amount monthly for a minimum of 6 months.
- Customers can access twice their contribution to meet rent payment.
- Maximum amount of N1.5 million can be accessed under this product.
- Repayment period of 9 months
- Attractive and competitive interest rate.