FAQ
Got questions about us?
We’ve got answers!
To join, fill out our membership form, submit it with a N10,000 fee, and commit to six months of mandatory savings. Your savings earn up to 20% interest annually (subject to economic conditions).
Loans carry a flat interest rate of 10-15% per month for the agreed tenor. If the tenor changes, a 2% additional flat rate applies to the unpaid principal.
Yes! We acquire development land and distribute it to capable members, helping you achieve homeownership affordably. Contact us for eligibility details.
Defaulting on payments may lead to:
- Immediate repayment of the loan and interest.
- Presentation of the guarantor’s cheque.
- Termination of membership if deposits are missed for three consecutive months or if cheques bounce.
You must:
- Be a member with six months of mandatory savings.
- Complete a loan application form ($10,000 fee).
- Provide collateral (e.g., car, land, or property) with a sales agreement.
- Submit a six-month bank statement and one or two guarantors with signed cheques.
- Pay a 1% legal/processing fee on the loan amount.
We require a handwritten application, photographs of the collateral, and a signed sales agreement to ensure transparency and security for both parties.
Still have questions?
Request a call back via any of these channels.
Head office address:
8A Bensima street 3 Red Sea Close, Off Aguiyi Ironsi Street, Maitama Abuja
Call for help:
0803 3341 624
0817 5158 000
0817 5158 000
Mail for information:
info@royaltythriftandcreditcooperativesociety.com
Want to Apply?
Just download Forms
We position our clients at the forefront of their field by advanced services.
We bring more than 20 years’ senior experience forging
collaborations across government, private sector and
international forums.
