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Scheme loan
Key Facts
Scheme Loan
As an employer, the well being of your staff is paramount to ensuring they are dedicated to delivering the required results for shareholders. Scheme Loan is a loan product which is available to employees of organisations which have signed an agreement with Matro Bank Intl to offer staff of their company loans. Because deductions toward monthly repayment are done at source, the product is less risky and is priced much cheaper than other loans offered to customers. It is convenient, easy to arrange and completely hassle free as banking is brought to the customers' door step.
Competitive interest rates
Easy budget control with fixed monthly payments deducted at source
Free Credit Protection
Unsecured personal loan
Available for virtually any purpose
Loan tenure between 6 months and 60 months
Free Credit protection with all loans
Simple to arrange
Fixed rate
Fast, flexible finance
Scheme Loan gives you the money you need at a competitive interest rate. The amount you borrow depends on your individual circumstances. The minimum repayment period is 6 months. And all you have to do is meet certain basic requirements for the loan to be granted.
Fixed payments
With Scheme Loan you always know where you stand financially as your monthly payments remain the same throughout the lifespan of the loan.
Free Credit Protection
Matro Bank Intl bears the cost of paying the Insurance on your Scheme loan which gives you the opportunity to save funds. So should any calamity occur either through injury or sickness, resulting in death or permanent disability, the outstanding loan will be paid off in full.
Who can apply
If you have been with your employer for at least six (6) months and receive your salary through Matro Bank Intl or another Bank then you qualify.
Requirements for Scheme Loan
The following would be required:
Completed application form
One (1) most recent payslip
Valid National Identification (Voter’s ID, Drivers lience, Passport, NHIS card etc)
Last three (3) months Bank statements (if not Matro Bank Intl account holder)
Passport sized photograph (for employees whose salary is processed by CAGD)
Simple to arrange
Talk to one of our Personal Bankers today or simply complete an application form online and return it to us today.
Tenure: | Loan Amountt | DSR | Interest Rate | Income: (US Dollar ) |
6mths – 60mths | Max $130,000 US Dollars |
Max 50% for CAGD Max 55% for Non-CAGD |
26% - 31% | Min of $200 US Dollars |