Service Forms

Loan Application

Apply for a loan backed by your savings history and two guarantors. Choose a loan type that fits your need — each has its own rate and repayment window.

Your monthly minimum savings must not be less than ₦100,000. Loans are open to members in good standing with no loan currently in default.

Encumbrance

Interest Rate

Guarantors Required 2 active members

Please Note Defaulting affects your guarantors' standing too

1Details
2Guarantors
3Review

Loan details

Tell us the type and amount you need.

Loan Type Select a loan type to see its rate, term and savings backup. Please select a loan type.

Loan Amount

Repayment Duration Please select a duration.

Payment Method Please choose a payment method.

Guarantors & documents

Add two guarantors, upload your payslip, and declare any existing indebtedness.

Upload Last Payslip PDF or image, up to 5MB Please attach your last payslip.

Guarantors

First Guarantor — Staff ID Please enter the first guarantor's staff ID.

First Guarantor — Full Name Please enter the first guarantor's name.

Second Guarantor — Staff ID Please enter the second guarantor's staff ID.

Second Guarantor — Full Name Please enter the second guarantor's name.

Guarantors will be notified to confirm their guarantorship before disbursement.

Declaration of Indebtedness

Declare any outstanding debt with each body below. Enter 0 where you have none.

Company (Shell)

Thrift & Loan

CoopLag

CoopWest

Bank

I make this declaration in good faith and bear responsibility for any wrongly, falsely or not fully disclosed debt obligation to other companies or cooperatives, which may lead CoopEast to lend further to me in error. CoopEast shall be fully indemnified by having a first charge on my final entitlement for the amount borrowed before any other creditor. A wrongly or not fully disclosed declaration attracts a 5% charge for the first 3 months, graduating to 7% cumulative on the balance for the period in default.

Review & authorize

Confirm your details, then read and accept each authorization.

Terms & Authorization

Please read and accept each item before submitting.

I hereby accept the terms and conditions of this loan offer as set out by the cooperative. I agree that CoopEast may vary the interest rate and other terms of this loan, and may recover the loan directly from my payroll should I fail to repay when due. Employee authority & consent for payroll deductions I confirm I am a member of the Society and consent to subscribe to the revised minimum Share capital as prescribed in the CoopEast Byelaw, through payroll deductions or transfer from my savings monthly. I authorise my employing company (and the new owners of its shares, where applicable) to grant the Society access to make deductions from my payroll and/or end-of-service benefits (excluding pension). The Company bears no obligation to verify, and no liability arising from, this authorization, which remains binding until revoked by written notice.

Employing Company Please enter your employing company.

I confirm this information is accurate and authorise the cooperative to contact my guarantors to confirm their consent.

Your Eligibility

Eligible Loan Amount₦2,000,000

Current Savings Balance₦1,240,000

Existing Loan Balance₦0

This Loan

Enter an amount to see your repayment plan.