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  •  +2348055026154
  •  info@cooplag.com.ng

Loans

Car Acquisition Loan

It is easier than ever to buy that car of your dreams with COOPLAG Auto Acquisition Loan. We finance new and used vehicles at competitive rates and flexible terms. Members can purchase brand new vehicles from auto dealers who have been prequalified while used cars can be purchased from any vendor of choice.

Features

  • Borrow up to N30,000,000.00 
  • Payment over 72 months
  • Contribute as low as 20% towards the purchase
  • Comprehensive Insurance on the car for the entire loan period
  • No hidden charges

****Terms and Conditions Apply
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Term Loan

Term loan provides you the keys to unleash your dreams rather than just wishing. Be it landed properties, school fees payment abroad, or emergency funds to sort out pressing needs, we offer a flexible and affordable loan with easy repayment options.


Features

  • Maximum loan amount - N30 Million
  • Maximum tenure - 96 Months
  • Interest Rate - Very Competitive
  • No hidden charges
  • No Collateral
  • You can top up an existing loan

 

***Terms and conditions apply

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Personal Loan

Personal loan provides you the keys to unleash your dreams rather than just wishing. Be it landed properties, school fees payment abroad, or emergency funds to sort out pressing needs, we offer a flexible and affordable loan with easy repayment options.


Features

  • Maximum loan amount - N30 Million
  • Maximum tenure - 96 Months
  • Interest Rate - Very Competitive
  • No hidden charges
  • No Collateral
  • You can top up an existing loan

 

***Terms and conditions apply

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Home Improvement Loan

Home Improvement loan provides you the opportunity to enhance or upgrade your existing home for a better quality of living.


Features

  • Maximum loan amount - N10 Million
  • Maximum tenure - 72 Months
  • Interest Rate - Very Competitive
  • No hidden charges
  • No Collateral
  • You can top up an existing loan

 

***Terms and conditions apply

Learn More

Commodity Loan

Commodity loan gives you an opportunity to finance the purchase of electronics, Smart TVs, Smart Phones and gadgets, house decors or even purchasing a soundproof generator at a very attractive rate with a convenient repayment plan. We collaborate with major dealers where you can get quality products at affordable prices, making commodity purchases as simple as working into a shop without money, get a proforma invoice, and work out with the product.

How it works

  • Visit any of our registered vendors
  • Identify the item(s) you want to purchase
  • Complete a stock Order Voucher(SOV) online
  • You and the vendor will receive an email once approved
  • Pick up your item(s) from vendor
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Target Loan

Target loan is taking in lieu of expected payment. i.e. HIS, 13th Month, etc.


Features

  • To qualify for this loan a member must have at least NGN100,00.00
  • Repayment is set against a Target income/payment to be paid in payroll e.g. HIS, Security Allowance, November 13th month, etc.
  • Maximum loan amount is  80% previous payment.
  • Interest rate is highly competitive
  • Maximum tenor is 9 months to actual targeted payment.
  • Repayment method is post dated cheque


****Terms and conditions apply

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Home Acquisition Loan

This loan is available to members for outright purchase of new houses, especially those not advertised by COOPLAG. So, financing that dream home is made easy.

Features:
  • Maximum tenor- 12 years.
  • Maximum Loan Amount: N50 million
  • The minimum equity contribution by the borrower is 10% of the cost of property
  • Interest rate: Highly Competitive
Requirements:
  • Get offer letter from a prospective vendor
  • Legal Search to be conducted on the property
  • A tripartite agreement to be endorsed before payment is made to the vendor.
  • Property to be financed must be residential and not for commercial purpose

Learn More