Who We Are
Founded on the principles of unity and economic progress, Royalty Thrift & Credit Cooperative Society Limited is a member-driven organization governed by the Nigerian Cooperative Societies Act. Based in Maitama, Abuja, we bring together individuals who voluntarily unite to pursue shared financial goals for mutual benefit.
We aim to mobilize savings, provide accessible loans, and support members in achieving milestones like homeownership through land acquisition programs. We are committed to transparency and offer competitive interest rates and flexible repayment options, ensuring every member thrives.
Decades of Experience
Our Vision
To be the most trusted and innovative cooperative society in Nigeria, driving sustainable growth and financial empowerment for all members.
Our Mission
To mobilize savings, facilitate access to credit, and promote asset ownership among our members, while fostering a culture of discipline, responsibility, and community upliftment.
Our Values
- Integrity: Transparent and fair processes.
- Empowerment: Helping members achieve economic independence.
- Community: Building a strong, supportive network.
Affordable Loans
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In order to acquire our services please kindly send us your inquiry of interest. We shall revert back immediately.
How It Works
- Join with a N10,000 membership fee and start saving.
- Apply for loans after six months of consistent savings.
- Provide collateral and guarantors for secure borrowing.
- Benefit from our housing and land programs for long-term stability.
This Association is governed by the Nigerian Cooperative Societies Act and it is of people who voluntarily come together to pursue economic goals for their own benefit.
Some of the benefits are that:
- We mobilize savings and channel them to individuals as loans for explicit improvement ventures at an agreed interest rate.
- We help to resolve, shortly, the housing problem of members, by acquiring development land and distributing same to able and capable members.
Any interested person can be a member once you:
– A. Fill out our Membership information form
– B. Submit the form with a minimum of N10,000.
– C. Pay a mandatory savings deposit for the next (6) months as savings with the association, and this shall attract an interest rate of 20% (subject to economic reality) per annum.
To obtain a loan, you must:
- Fill out an application form for a loan.
- He/she must be a member with a mandatory savings deposit for a minimum period of six (6) months.
- Obtain an application form with a sum of N10,000 and fill it out together with all relevant documents.
- Pay a legal/processing fee of 1% of the loan request for sales agreement preparation on the collateral given.
- Provide 1 or 2 Guarantors with an undated signed cheque leaf for the principal sum and interest.
- Provide a bank statement on his/her account for 6 months.
- For a loanable sum applied for, collateral must be provided with a forwarding letter of undertaking.
