Menu Close

Special Loan

SPECIAL LOAN

This category of loans allows you to access more funds provided you meet the requirements. You will only access this loan if you exceed the requirements for a standard loan.

Whether you’re thinking of your dream home or you’re planning for a new project, we are ready to give a hand.

 

[content_control role=”administrator, cooperators”] Conditions/Procedures for Application

  1. Maximum amount for special loan is N2,500,000.00 (Two million five hundred thousand naira) only, to be repaid within 9 months without extension.
  2. A member can only access this loan after six months of employment and it’s subject to confirmation as TEPNG staff.
  3. The repayment should be done through allowances only.
  4. A member should not have more than two special loans running concurrently at a given time.
  5. It has no savings requirement.
  6. The special loan application form and the direct payment plan authorization form must be properly filled by the applicant.
  7. The direct payment authorization form must capture the amount due at maturity .i.e. the principal plus interest.
  8. Allow 5 working days for processing.[/content_control]