Shongom Temporary Overdraft
Designed to serve working capital needs of customers for a period of one month
Features:
- Existing account must to be run for 3months
- Flexible interest rate
- Can be enjoyed consecutively for three (3) months
- Requires turnover clauses
Shongom Assets Acquisition Scheme
The loan is for traders, artisans and low income earners in paid employment for acquisition of assets like generator, electronics, kitchen and other household products
Features:
- Provide a guarantor
- Loan period of 180days
- Flexible repayment an arrangement
- Comprehensive Insurance
Shongom Corporate and Sole Proprietorship Account
The account is designed to meet banking needs of registered business entities.
Features:
- Issuance of personalized cheque book
- Minimum account opening balance
- Flexible COT
- Access to loan
- Deposit and withdrawal from correspondent Bank branches
Shongom Hole Pilgrimage Account
Encourage Christians and Muslims to save in order to perform their pilgrimage to holy cities in Jerusalem and Mecca respectively.
Features:
- Open a holy pilgrimage account
- Save up to 50% cost of pilgrimage
- Access loan up to 100% of cost of pilgrimage
Repayable in 12 equal monthly installments
Shongom Micro Housing Scheme
Designed for low income earners and first time home owners who want to own their personal affordable home; extend their already existing home or renovate existing home.
Features:
- Provide a property or landed documents
- Loan period of 365 days
- Flexible repayment an arrangement
- Comprehensive Insurance.
