Advans Savings Project from Advance Microfinance Bank Limited | Evesting

Offer Details

Manager
Manager

Advance Microfinance Bank Limited

Minimum Deposit
Minimum Deposit

₦1,000.00

Duration
Minimum Duration

3 months

Interest Rate
Interest Rate

6% per year

Status
Status

Open

Interest Payout
Interest Payout

Onmaturity

Last Updated
Last Updated

September 09, 2021

About Offer

Who is eligible?

Nigerian nationals or residents Micro and small entrepreneurs/Sole proprietors/Individuals Over 18 years of age

Conditions

6 to 8.5% 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

Two passport

photographs

Utility Bill Current and/or savings account

Product Analysis and Performance

Performance
Product Engagement

Indicates the ability of the fund to generate superior returns

12 Interests
Performance
Suitable Investor

Investor type

Explorer
Performance
Product Ratings

Shows how well the product is loved and it's great performance

3.0 Rating
Performance
Risk Analysis

Fund's capability to generate risk-adjusted returns

Low

Compare with similar products