TREASURY MANAGEMENT

A.TREASURY MANAGEMENT

In order to enhance the savings habit of members and clients, we offer a wide range of deposit products tailored towards their needs such as:

  1. EPIC CAPITAL PLATINUM FUND

This product is specially designed for High Net worth customers. It provides a sustainable avenue of investing idle funds with an assurance of funds safety with tenor of 365 days and above. The minimum amount required is N1, 000,000. 00 (One Million Naira Only)

Benefits

  • Interest is 2% per month (Net of Tax)
  • Deposit could be used as collateral to secure loans
  • Upfront /backend interest payment (conditions apply)

Note, EPIC CAPITAL will sign Memorandum of Understanding (MOU) containing terms and conditions of contract with the investor once the fund is received and account opening formalities completed.

2. EPIC MAXI SAVINGS PRODUCTS

  • EPIC Diamond: Twelve months savings plan at 18% interest rate per annum
  • EPIC Gold: Nine months savings plan at 15% interest rate per annum
  • EPIC Silver: Six months savings plan  at 12% interest rate per annum

3.     EPIC FIXED DEPOSIT ACCOUNT.

An investment deposit account specifically designed for depositors who are willing to save for unforeseen contingencies and earn higher rate than the Normal Savings Account. 

Features:

  • Attractive interest rate at 22% minimum per annum (backend)
  • Can be used as cash collateral / security for credit facilities
  • Minimum investment of N100,000
  • Conditional Option allowed for interest payment (upfront)
  • Both principal and Interest paid on maturity
  • Ability to borrow twice the amount after three months
  • Free financial / investment advisory services
  • The investor will be given an Investment Certificate that will contain all the agreed terms and conditions

4.     EPIC XCLUSIVE SAVINGS ACCOUNT

This is a regular –like savings account specifically designed for all classes of depositors whether individuals or group of individuals or corporate bodies.

Features:  

  • A savings Account
  • Free financial / investment advisory services
  • Attractive interest rate at 6%
  • Two weeks prior notice before withdrawal
  • Can serve as a basis for credit application
  • Cash / cheque pick-up services rendered at convenient / minimal charges
  • Non Refundable Registration fee of N5,000
  • Third party withdrawal allowed on special pre-arranged instructions
  • Allow standing order

5. CURRENT DEPOSITACCOUNT

This is a regular – like current account specifically designed for individuals, groups of individuals, societies, corporate institutions, etc

Features

  • A current account
  • No interest payment on Account
  • Two (2) days value on cheques / drafts
  • Cash / cheque pick-up
  • Minimal cost of standardized / attractive  cheque book
  • Allows standing order
  • Minimum balance of N5,000
  • Monthly service charge of N100
  • Withdrawal on demand
  • Required for all loan customers

6. EPIC ESUSU THRIFT ACCOUNT

This is specifically designed for petty traders, artisans and other individual depositors who are willing to make regular deposits on a daily, weekly, monthly or yearly basis for trade expansion or unforeseen contingencies.

  • Features:
  • Operate likes a savings account
  • Cash pick-up arrangement at no additional cost
  • Minimum cost
  • Term / deposits amount decided by the depositor
  • Can serve as a basis for credit appraisal
  • Free financial advisory services
  • Attract interest at 6% per annum

B. CREDIT PRODUCTS

  • Personal Loan,
  • Business Loan
  • Asset Finance
  • Education Loan
  • Salary Advance
  • Welfare Scheme Loan
  • Contract Finance
  • Group /Cell loans
  1. CREDIT REQUIREMENT
  2. Application Letter
  3. Evidence of Capital/ Capacity adequacy to repay the facility
  4. Collateral
  5. Counterpart fund
  6. Other conditions as approved by the Management and supervisory body depending on the type of loan requested.
  7. OTHER CONDITIONS
  8. Applicant must have been in a relationship with us for minimum of three months
  9. Applicant must be a member/share holder or an investor
  10. Maturity period of all facilities granted is maximum of six months but could be renewed if well utilized
  11. Disbursement of approved facilities is between 0-21 days depending on the amount approved.
  12. Interest rate ranges between 0-10% monthly
  13. Agreed daily/weekly/monthly loan repayment plan attracts 10% penal charge on default plus 10% penalty on complete repayment default
  14. Two reputable Guarantors from the cooperative society or outside must sign for all membership loans or provisions of collateral for the loan granted.

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