The Oceanic Consumer loan is a loan facility product that enables individual customers meet some financial obligations e.g. payment of rent, development of property etc.
It has a maximum repayment period of 24 months.
Features
¿ The scheme finances only personal assets. Assets with business undertone are not financed under this scheme.
¿ The minimum under the scheme is N100,000.00 with a maximum limit of 50% of applicants¿ annual income.
¿ It is opened to only Oceanic bank customers with current or pearl account.
Benefits
¿ Interest rates are negotiable and competitive, as interest charges
are calculated on a reducing balance basis.
¿ Easy and convenient repayment terms as the credit facility can be
spread over a period of 6-24 months.
Target Market
The product targets individuals who are employed with regular income.
