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FROSCA LOAN

This is a hybrid product that combines the attributes of savings along with micro loans.

This loan is suitable for traders and business persons with regular cash flow from their daily sales.

It's an efficient and cheap financial source, which is very important for maintaining business profitability for small scale enterprises and imbibes culture of savings habit...


Pre-Approval Documentation
  • A customer saves a specified amount for 10days and on the 11th day qualifies for three times the amount of savings as loan.
  • Easy and quickly accessed
  • Loan is granted without collateral, but based on customer’s character, capacity and cash flow pattern

Loan Caculator

Loan Amount

N

Tenor

Months

Rate Of Interest

Percent

Total Interest Payable

22,290

Total Payment

15,08,290

Your Repayment per month

15,08,290

Head Office

No 3 Awka street, Inside Cyprian Ekwensi centre Arts & Culture, Area 10 Garki FCT-Abuja.

KARU

Karu Community Plaza(Inside Karu Market) Shop Cm31
08150502390 | 08150502431

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