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Retirement Advance

RETIREMENT ADVANCE

If your retirement will happen within a year, then you have an advantage. With a minimum 500,000 share holding units, you can borrow a minimum of 1,000,000 and a maximum of 10,000,000 to be repaid in 12 months either by bullet or monthly payment. [content_control role=”administrator, cooperators”] Pricing on loan is 22% per annum. Credit Insurance is 0.5% flat on loan amount. [/content_control]

If your retirement is in the next twelve months and you need money for your preparation or some other important things, you don’t need to worry, the Retirement Advance is the perfect solution. We have package this offer to extend personal loans to those who are retiring within a year.

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What are the requirements for accessing this loan?

  • Applicants should have at least a minimum share holding of 500,000 units to be eligible
  • Value of loan accessible is minimum of 1,000,000 and maximum of 10,000,000
  • Tenor of loan is maximum of 12 months
  • Repayment is done monthly or principal and interest are paid in bullet upon retirement
  • Interest rate is 22%
  • Domiciliation of retirement benefit
  • Execution letter of set off

Security:  

  1. Domiciliation of Retirement benefit.
  2. Executed letter of Set off.[/content_control]