Centage Rent Account

The Centage Rent Account is designed to encourage savings towards the payment of Rent as well as assist medium level income earners/customers in paying their house rent more conveniently.

he account enjoys Centage utility facility of up to 2.5 % semi annually.
Non- borrowing customers will enjoy additional interest of 2 % p.a
An interest rate of 5 % p.a is paid on deposit.
Up to 50 % of current deposit on account can be accessed as loan for payment of Rent
and repayable within 6 months

Centage Class Account

This is designed to enable you save towards the acquisition of assets such as Household equipments, Automobile, Land, Shares, Office equipment etc.

It is a thrift scheme through which each individual is grouped into classes depending on their preference. The classes range from N20,000.00 to N1,000,000.00.

Each class is a group of five or more people who contribute equal an amount of money on a monthly basis. The contributed pool is given to a member of the class less some commission to the Bank. Subsequently, each member of the class is made to collect his or her own.

For Whom
The scheme is targeted at middle and high income earning class from reputable organizations or established self employed individuals. It is also for Traders with permanent and verifiable contact addresses

Collection Format/Commission Charges
The collection format for contributors into the class is as follows, with the accompanying commission charges.

1st Collector - 4% of the total amount is charged
2nd Collector - 3% of the total amount is charged
3rd Collector - 2% of the total amount is charged
4th Collector - 1% of the total amount is charged
5th Collector - Nil

How To Belong To A Class
Download or request for and fill out an application form
 Account holders with Centage Savings and Loans Limited will fill the Bank Standing Order form
Provide two (2) guarantors acceptable to the Bank.
 Issue postdated cheques covering the total amount to be contributed.
 Submit Two (2) passport photograph duly endorsed at the back by the guarantors.
When a cheque is returned, a penalty fee of 5% is charged on the outstanding balance.
Default fee of 2 % of outstanding balance must be paid by defaulters

National Housing Trust Fund

Requirements for Accessing The National Housing Trust Fund.
To be eligible to access the loan the applicant must have been a contributor to the NHF scheme for at least six months prior to applying. The loan is basically for construction, purchase or renovation of residential building. The loan is not for refinancing or construction of non- residential buildings. The applicant will submit the following:

	Open NHF account with Centage with minimum of N35,000.00 (thirty five thousand naira)
	Complete the NHF application form
	Photocopy of perfected title deed (C of O etc)
	Current valuation report on the proposed house to buy or bill of quantity (BOQ) for the house to build.
	3 years tax clearance certificate
	Evidence of NHF participation (photocopy of NHF passbook)
	Copy of pay slips for the previous three months
	Equity contribution or personal stake of 30%,20% or 10% depending on the loan amount applied for.
	Birth certificate or age declaration.
	4 recent passport photographs
	Document of identification

Others
* Maximum amount that can be applied for by an applicant is N5m (Five Million Naira).
* Maximum repayment period is 25 years and repayment is in monthly instalments on annuity.
* Interest rate on the loan is 6 %(six) per annum.