Savings
1. BNI Savings
This product is designed for individual investors from all walks of life, both young and old. We offer competitive interest rates in line with money market rates and determined by the tenor and volume of deposit in the company.
Features:
- The minimum investment to start with N200,000 (Two Hundred Thousand Naira Only) Thereafter the minimum amount of N50,000(Fifty Thousand Naira Only) on monthly basis.
- Funds are on call, with only one withdrawal per quarter to enjoy annual accrued interest, once the limit exceeded the whole accrued interest will be forfeited.
- The minimum amount to be retained in the account is N100,000 (One Hundred Thousand Naira Only)
- Quarterly disbursed of accrued interest with the option of one-time withdrawal
2. Target Savings / Special Purpose Fund:
As the name implies, the product is targeted towards investors focused on meeting a specific need or purpose.
Features
- Minimum investment to start with N200,000 (Two Hundred Thousand Naira Only) Thereafter minimum amount of N50,000(Fifty Thousand Naira Only) on monthly basis.
- No withdrawal till the expiration/maturity date of the investment
- Negotiable returns on investment depending on the tenor and amount invested.
3. Fixed Placement
This is specially designed for high-net-worth individuals as well as corporate entity for a stipulated period range from 180 – 360days. We offer competitive interest rates in line with money market rates and determined by the tenor and volume of customers’ placement with the company.
Features:
- Negotiable returns on investment depending on the tenor and amount invested.
- Minimum Investment is 500,000 (Five Hundred Thousand Naira Only) and the minimum tenor is 180days.
- Quarterly disbursed of Interest accrued
4. BNI Prime Account
This is a super-premium product with high yield investment plan for project financing.
Features:
- Minimum investment of 50,000,000(Fifty Million Naira Only)
- Minimum investment tenor is minimum of four years
- Attractive and negotiable returns per annum.
5. BNI Dollar Fund
This product is targeted towards all investors (Individual or Corporate) foreigner’s and/or Nigerian’s diaspora overseas who are willing to invest with foreign currency to hold the value of their investment and minimize their exposure to foreign exchange fluctuations
Features:
- Minimum investment $500
- Minimum investment tenor is 1 – 5 years
- 1 – 5%, negotiable interest rate
6. BNI Happy Ending Account
This is a retirement scheme account designed to accommodate professionals, artisans, traders, employees and the self-employed individual. It encourages them to save for their old age, when the energy cannot sustain their total financial requirements. One can invest an appreciable fraction of his/her monthly income in a secured and dependable scheme such as this to achieve a comfortable and happy life after retirement.
Features:
- Minimum monthly investment of
N10,000 (Ten Thousand Naira Only) - Minimum investment period of 5 (five) years before a withdrawal can take place.
- The maximum age of participation is 60 years
- No withdrawals or termination of investment during its tenor.
Loans
1. Business Loans
This product provides a financial bridge to business owners to cover invoice discounting, asset financing, LPO financing, regulatory payments and custom duty, procurement, contracts, capital projects, etc
2. Pay Day Loans
This product provides financing for individuals to meet their personal finance needs/requirements, including payment of school fees, payment of rent and other miscellaneous needs and expenses.
3. SALARY LOAN
Salary Loan product is a loan usually given to an employee. As the name implies it is usually a part of the wages of an employee paid over a spread period of months. This loan is as well called SHORT TERM LOAN(STL). It comes also with interest rates, though subsidized.
Loan under this category is consider over a period of repayment plans i.e. 3months,6months or12months.
To access Salary loans click https://forms.gle/1eVTKikQUz2132fB9
4. BNI NYSC
This product provides loans to Youth Corp Members, for their financial needs that are not covered by any other loan products. The maximum loan amount available is ₦50,000 and once your application is approved, the money will be credited directly to your NYSC account.
How to get NYSC loan as a youth corp member from BNI INVESMENT.
Being a youth corp member has many benefits, one of which is easy access to loans. During your service year, you may run low on cash to buy things you need or you may need extra funds to cover your logistics. If that’s the case, this post is for you. We’ll give you all the information you need to access our NYSC loan, as a Youth Corp Member, from Business Nest Investments Limited.
How It works
To apply for a loan, click on https://forms.gle/qZbBioMVWANRubz56 to register on the BNI website and provide the necessary information and documents to complete your registration.
Once you complete your loan application process and your application is approved, you’ll receive the funds in your NYSC bank account within 24 hours.
Eligibility
To be eligible for this loan, you must:
- Be a serving Youth Corps member
- Have a valid NYSC account number
- Have a valid phone number and email address which must be the same ones used for NYSC registration
- Complete registration on the BNI application portal
- Have valid call up letter
- Have your PPA (Place of primary Assignment)
- Have a valid NYSC Identification card.
- 2 Months statement of account.
Collateral
No collateral is needed. However, if you default on your payment, your discharge certificate will be held until you pay up all amounts outstanding.
How to pay back
Loan repayments can be made through:Remita mandate placed on Youth Corp Member’s account.