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
- 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.
- A member can only access this loan after six months of employment and it’s subject to confirmation as TEPNG staff.
- The repayment should be done through allowances only.
- A member should not have more than two special loans running concurrently at a given time.
- It has no savings requirement.
- The special loan application form and the direct payment plan authorization form must be properly filled by the applicant.
- The direct payment authorization form must capture the amount due at maturity .i.e. the principal plus interest.
- Allow 5 working days for processing.[/content_control]