Location Wiggni Plaza, 1, Champion Street,Magboro Road Magboro, Ogun state
Hotline:
+234 (0)80 2304 9873
Location Wiggni Plaza, 1, Champion Street,Magboro Road Magboro, Ogun state
We are a consortium of investment outfit seeking to add value to customers’ yearning for growth.
A constant and consistent amount of daily contribution throughout the month.
A service charge equivalent to daily slot will be taken by BG Ltd at the end of the month subject to a maximum charge of N2,000 per month.
Irrespective of the numbers of days contribution was made in a month, BG Ltd is entitled to her service charge at the end of the month.
Premature withdrawal is allowed but attracts a penalty charge of N1,000 in addition to the service charge of one slot.
Investors/customers can access loan after three consecutive months of consistent operation of the account.
Loan customers on this product will be charged 1 slots and 6.6666% at the end of the month. One slot represents normal service charge and second slot represents interest on loan.
No processing fee is applicable on loan under this product.
Maximum limit of loan to be collected is N300,000 under this product
No minimum amount required to open account
Interest of 2% per annum on outstanding balance provided withdrawal is not more than thrice in a month.
Investment card is N300 and monthly maintenance fee of N300 will be charged on all active account.
Account is qualified to take loan and no limit to amount of loan to be taken.
Loan attracts a processing fee of 3% flat (one-off)
Interest on loan is 6% flat per month and collateral is required.
Maximum loan tenure is six months with equity contribution of 20% payable upfront is applicable.
Default charges of 5% is applicable on amount due but unpaid.
Minimum account balance is N1,000
Interest of 3% per annum payable monthly on account balance.
No withdrawal on the account until maturity of target date
Premature withdrawal will cause a forfeiture of all interest previously credited
Can be used as collateral for loan
Minimum amount of investment 1,000,000
Minimum tenure is 3 months
Pre-mature withdrawal will attract 10% charge on the interest
=N=1M to =N=5M attaracts interest rate of 12% to 15% per annum
=N=5M and Above attaracts interest rate of 15% to 18% per annum.
** No limit to members periodic contribution.
** Members contributions will be splited into SHARE and SAVINGS as may be agreed
** Interest of 2% per annum on members account balance
** Meeting attendance fee of N200 MUST be paid at every meetings.
** Absenteesm will pay N500 instead of N200.
** Members are entitled to share of dividend base on shareholdings at the
year end.
** Members are entitled to 2 times the amount in their coop account.
** Two guarantors who MUST be members of the coop.
Copyright © 2025 | All rights reserved Balm of Gilead Investment & Services Limited Developed by StrimHost NG
