THRIFT SAVINGS

THRIFT SAVINGS

SCIL thrift savings is synonymous with Esusu collection but in this case it is administered by an SCIL Staff

SCIL thrift savings are for customers who wants to:-

  • Save in lumps to be able to carter for  a certain need.
  • Start up a desired business of dream in small scale.
  • Purchase that dream house-hold gadgets.
  • Access an SCIL SME loan facility as amount deposited serves as cash collaterals.

  • It is structured for daily, weekly and monthly contributions.

  • It has a 6 & 12 months contribution periods.

  • It has a contributing target limit from N50,000.00 – N1,000,000.00

  • In case of withdrawals for any pressing needs by the customer before maturity, it attract 10% charge of what has been saved already.

  • An interest reward on the contributed amount ranges from 3.5% - 5% flat over the contribution period with terms and conditions applied.

Download

Savings Summary
Application Form