Direct Mortgage

This is a structured loan facility that allows customers ownership of properties. It is either for building, buying or renovation of property. The customer is required to save in monthly installments over a period of time before he can qualify for a loan not exceeding 3 times the amount saved. Tenure is 48 months maximum; savings attract 9% per annum. The NHF falls under this category.
Lagoon Little Drops Account
This is another retail product in form of a target savings account designed to encourage to the low income earners especially petty traders and artisans to imbibe a culture of saving.
The customer is required to save substantial part of his or her daily takings over a minimum period of 6months to earn an interest rate of 11% per annum. This cumulative savings qualifies the client for a loan not exceeding 3 times the amount saved. Tenure is 48 months maximum

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