Cooperative Loan Application Form

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Fill this form to Apply for a Loan

***This application is subject to approval from the management.
***Project loan is subject to 15% interest (To be repaid between 18 and 20 months)
***Normal loan and commodity loan are subject to 10% interest (To be repaid within 11 months)

*** Your referee must be a member of the cooperative. If you default in loan payment for any month, it will be deducted from your referee’s account.

*** All monthly payment must be done not later than 3rd day of the month. If payment is not done on this day, a 2% interest is charged on your account on the amount to be paid in that month every day until the payment is made.

***This form should only be filled by registered members of the Cooperative. If you are not a member, you can register here. You can also call/Whatsapp 08034300979.

Fieldset

Title *Mr. /Mrs./Dr./Engnr. etc.
Write Your Full Name *
Membership Number *
Residential Address *
BVN *Note: Writing your BVN does not expose your account to fraud. No one can gain access to your bank account with your BVN.
Bank Account Details *
Phone Number *
Loan Amount (Naira) (N) *Write the loan amount you want to collect. You should write only the figure. Don't include a comma or full stop. Just write the figures.
Reason (s) why you are applying for loan *
Guarantor/Referee You must provide two referees among members of the cooperative to stand as guarantor. In case you cannot provide this, the cooperative will suggest other options to you.
Guarantor Names and Phone Numbers Write at least two guarantors who must be members of this cooperative society. If you are new to the society, you can contact us for suggestions on who to guarantee your loan application.
Sworn Oath I will like to apply for a loan as entered in this form for the reasons as shared in this form. I promise to refund the loan with the above interest on or before according the terms guiding type of loan I am applying for without any excuse. If I fail to repay as at when due, I agree that the union should use every legal means in their capacity to compel me to pay the loan and the full interest. Thanks for your cooperation.
Signature/Date *Write your full name and date to sign this document.
Results of Application After you have submitted this application, the management will look through your loan application and get back to you within seven working days. You filled the loan application at this web address:https://nownowbooks.com.ng/cooperative-application-form/

Verification

Please enter any two digits *Example: 12
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