This plan allow selected low income and salary earners the opportunities to safe towards a given cause like House Rent, Land Purchase, Wedding Ceremony or any other laudable life event over a period of one to three years depending on the targeted Amount at maturity
Benefits of Micro Investment Plan
- A robust guaranteed return on savings. Sovereign Finance Limited guarantees a minimum return of 3% over commercial bank savings interest rates
- Security of savings as investment certificate is issued in client’s name
- Guaranteed income to meet your immediate and future needs.
- Investment Certificate can be used as collateral for other credit transactions with SFL
- Free personalized financial advisory service.
Features of the Micro Investment Plan:
- It is a minimum one year plan.
- Minimum monthly investment of N50,000.00 (Fifty Thousand Naira).
- Contribution can be made on monthly basis.
- Contributions can be increased from time to time.
- Contributions can be made by cash, standing payment orders or post-dated cheques
- Withdrawal before one year is allowed but subject to administrative charges and minimum lock in period of six months. Maturity value can be re-invested/rolled over.