09/03/2021
Invest your money in few clicks & Get loan in few minutes.
Initiative Moni is an App powered by Initiative Finance Limited a CBN regulated Financial Institution.
Investment products:
I- Target: 50,000 - 999,000
I- Freedom:1,000,000 - 4,900,000
I- Premium: 5,000,000 - above
*Tenor ranges from 30days - 365daysAbout Loan
Interest ranges between 2% - 15% per anum.
About Loan
Get a loan in few minutes with Initiative Moni. All loans are collateral free.
Loan Amount : 20,000 – 200,000
Tenor: Repayment between 61 days – 180 days.
Interest Rate : Monthly interest rate ranges between 3% - 10% ,Annual percentage Rate APR 36% - 120% . Management and processing fees at 2.5% flat (Minimum charge of N1,000).
For Example : if you request a loan of N100,000 for 180 days at monthly interest of 5% , management at 2.5% . The total interest Payable is N30,000 management fees N2,500.
Total Amount payable in 180 days is N132,500 (that is monthly repayment of N22,083.33).
Eligibility : Nigerian Residence
Age : 20 years – 60 years.
Regular income stream.
Initiative Finance Limited (IFL) is a non-bank financial Institution licensed by the CBN on 20th June 2013 to carry on the business of financial services. It commenced operations in December of the same year.
Initiative Finance is a member of the Initiative Group – a fast-growing business conglomerate headquartered in Lagos, Nigeria. Our strategic corporate goal is to be a fully integrated financial services provider driven by business innovative technology, ethical standards, highly skilled and professional work force with passion for service delivery and a great desire to delight all its stakeholders.
We will achieve the above corporate goal through our various products and services designed to meet the expectations of our customers, by hiring competent work force, deploying business oriented functional technology, by providing a conducive work environment and using ethical standards to achieve our vision and mission statements.
We will live up to our core values and our great assets will be our integrity and our people.
