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Empowering Africa Through Cooperative Excellence. A trusted hub for saving, investing, and building wealth.

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Target Loan

Access funds today against expected income tomorrow.

Access funds today against expected income tomorrow. Our target loan is designed to provide members with short-term financing against anticipated payments or entitlements, such as Housing Incentive Scheme (HIS), 13th Month Allowance, Security Allowance, and other approved payroll-related income. It offers a convenient way to meet immediate financial needs while awaiting scheduled payments.

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Key Features

Why Choose COOPLAG Target Loan?

You get access to funds today against your expected income, giving you the financial flexibility to meet immediate needs.

Eligibility Requirement

Minimum savings balance of ₦100,000.00.

Purpose based

Repayment is tied to an expected income or payment receivable through payroll.

Maximum Amount

Up to 80% of the member's previous qualifying payment.

Competitive Rates

Highly competitive interest rates.

Flexible Tenure

Up to 9 months, subject to the expected payment date.

Repayment Method

Post dated cheque or Advance payment Instructions.

*Terms and conditions apply.

Get Started

Simple 4-Step Process

Complete Form

Complete Target loan application form

Verification

Your application undergoes an eligibility review to confirm that you meet the requirements for the loan facility.

Application Approval

Upon successful eligibility verification, your application is processed and approved.

Funds Disbursed

The approved funds are credited directly to your bank account.

Learn How the Loan Works

Understand your repayments, terms, and options with our loan calculator.

Calculate Your Loan

Information Desk

Frequently Asked Questions

Get Answers to Common Questions About Target Loan

What is the maximum amount I can borrow?

You can access up to ₦50 Million.
How long do I have to repay the loan?

The maximum repayment period is 9 months, but repayment must be completed no later than your expected payment month (e.g., the month your salary or income is due).
Do I need to provide collateral?

No, the COOPLAG Target loan requires no collateral.
Can I top up my existing loan?

Yes, a top-up option is available subject to your current eligibility.