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Advans Project
Save for an upcoming or long term project
Automatic transfers from your current or savings account
Receive SMS reminders on your savings goals
Open a savings account
The Advans Project helped me to save and visit Dubai for my bi-annual business trip.
Detailed description
Who is eligible?
- Nigerian nationals or residents
- Micro and small entrepreneurs/Sole proprietors/Individuals
- Over 18 years of age
Conditions
- 6-10% Interest on a quarterly basis (based on daily average balance)
- Minimum deposit NGN 1,000
- Tenure 3-12 months, Free opening and closing, Unlimited deposits (clients should deposit at least once a month)
- Penalties for early withdrawal: before 1/2 period: no interest; after 1/2 period: 50% of prorata temporis
What do I need to subscribe?
- Valid ID Card
- 2 passport photographs
- Utility Bill
FAQ
Can I make withdrawals from my Project account?
Yes, but interest will not be paid if it is less than 50% of the agreed tenure, half of the interest will be paid on the accrued amount if its is above 50% of tenure.
