Total Coop continues to support our retired members to execute their projects through the Seniors Account. The account is for retired members who wish to save towards their projects. With a minimum lodgement of N500,000 monthly into your Seniors Account, you can enjoy unlimited number of withdrawals after 6 months lock in period. Minimum balance is N100, 000. [content_control role=”administrator, cooperators”] Concessionary interest per annum is 5%. Pre liquidation penalty is 15% on interest accrued.[/content_control]
Your retirement does not exclude you from our services. We ensure that your benefit from the cooperative continues. Enjoy access to personal loans even as a retiree of Total E & P Nigeria Limited.
[content_control role=”administrator, cooperators”] What you should know:
- The minimum share holding for eligibility is 200,000 units.
- You can access 75% of your share value as
- Interest rate on loan is 22% (or project loans rate).
- Tenor of loan is maximum of 24months with option for bullet payment at maturity
- Credit Insurance is 5% flat on loan amount
- Standing Order/ Remitta PIN required
- Letter of set off required[/content_control]