Preloader Close

Pennywise Loan

Best services Pennywise

Pennywise Loan

Pennywise Asset Financing Micro Lease
PennyWise LPO Financing
PennyWise Speed limit Scheme
PennyWise School Funding Scheme
PennyWise Market Welfare/Group Scheme
PennyWise Salary Advance Package
PennyWise Group Lending

>> Pennywise Asset Financing Micro Lease
This is a credit related product. It is designed to enable customers acquire assets without having to deplete their disposable income. The scheme affords customers the unique opportunity of owning assets now and gradually paying down over a period of time.
The customer is expected to deposit 30% of the cost of the desired asset in the account and the bank will make up the balance so the asset can be purchased.

Features and benefits

  • Easy credit for customers to acquire assets as Cars, TVs, fridges, etc
  • Customers only deposits 30% of cost of assets
  • It is tenured for 30,60,90 or 180 days etc
  • Can be used as collateral for loan
  • Amount above N 2m attracts negotiable interest rates

May be accepted as collateral

PennyWise LPO Financing Scheme

This is also a credit product specifically designed for contractors /Company Owners/Agencies who needed funds to execute contract awarded. Details of the contract and the Local Purchasing Order (LPO) would an added advantage

Features and benefits

  • Designed for contractors/Company Owners
  • Clients may request for overdrafts
  • Loans can be given to Corporate bodies who execute contracts with a valid LPO
  • 30% Equity contribution of the contract/LPO

PennyWise School Funding Scheme

PennyWise School Funding Scheme:This loan product is designed to aid School Owners in becoming Property and academic equipments acquisitions owners through provision of funds.

Features and benefits

  • Facility amount: N1.00 up to 2Million)
  • Methodology: Individual/Group
  • Duration: 12 Months/3Terms
  • Collateral
  • Flexible repayment structure
  • Expert financial advice available

PennyWise Market Welfare/Group Scheme

This is a loan product for the economically active persons in the society (Traders, Cleaners, Vulcanizers, Barbers, Stylists..Etc) In this product, Loan is given to the traders in groups of minimum of 5-Maximum of 15
The loan sum and the tenor are usually homogenous and may not exceed 6 months duration. Lien / compulsory savings of 15% of the amount needed is required.

PennyWise Salary Advance Package

This is also a credit product specifically designed for civil and public servants/corporate employee who earn their monthly salaries. They are allowed 30% of their net income in advance for as long as 6-12 months.

Features and benefits

  • Designed for civil servants in the state/corporate organizations
  • Clients may request for overdrafts
  • Loans can be given to civil servants using salary as collaterals
  • Loans may extend between 6months -1year
Global Flexibility Investment

Upto 75% More Asests

Security Financial Solutions

Upto 25% More Asests

We help you to unlock & unleash the power within.