Advans Project

  • Save for an upcoming or long term project

  • Automatic transfers from your current or savings account

  • Receive SMS reminders on your savings goals

Open a savings account

The Advans Project helped me to save and visit Dubai for my bi-annual business trip.

Detailed description

Who is eligible?

  • Nigerian nationals or residents
  • Micro and small entrepreneurs/Sole proprietors/Individuals
  • Over 18 years of age

Conditions

  • 6-10% Interest on a quarterly basis (based on daily average balance) 
  • Minimum deposit NGN 1,000
  • Tenure 3-12 months, Free opening and closing, Unlimited deposits (clients should deposit at least once a month)
  • Penalties for early withdrawal: before 1/2 period: no interest; after 1/2 period: 50% of prorata temporis

What do I need to subscribe?

  • Valid ID Card
  • 2 passport photographs
  • Utility Bill

FAQ

Can I make withdrawals from my Project account?

Yes, but interest will not be paid if it is less than 50% of the agreed tenure, half of the interest will be paid on the accrued amount if its is above 50% of tenure.

More FAQ