Whether you're facing unexpected expenses, dreaming of giving your property a facelift, or consolidating debt to simplify your finances, a personal loan can be a versatile tool to achieve your goals. At AIICO Capital Finance, we understand that your financial needs are as unique as you are. That's why we offer personalized loan solutions tailored to your specific situation.

Our annuity loan is a type of loan where an annuity holder (Annuitant) borrows money against the cash value of the annuity contract with the insurer (AIICO Capital Finance).

An Annuitant makes a loan request by downloading and completing the application form and the Borrowers (Annuitant) usually have up to 12 months to repay an annuity loan.

REQUIREMENTS

1. ⁠Must be an Annuitant.
2. ⁠Must be below 74 years of age at the time of application (age next birthday) and the repayment period allowed cannot exceed the 75th birthday of the prospect (age next birthday).
⁠3. Valid Bank Verification Number (BVN).
4. Valid e-mail account (updated with AIICO Capital Finance) for loan request application online.
⁠ 5. ⁠To proceed with the online application, the prospect must have handy his / her Policy number, BVN, Phone number (as registered with AIICO Capital Finance).

1. ⁠Loan amount is repayable over a maximum period of 12 Months provided the prospect does not exceed the age of 75 throughout the repayment period. In any case, the company won't grant a loan to any prospect that has attained the age of 74 (age next birthday).
2. ⁠Interest rate is determined from time to time by AIICO Capital Finance.
3. ⁠⁠Net Annuity after loan deduction must not be less than 66.66% of Prospect’s Annuity.
4. ⁠⁠Minimum Loan Amount is NGN 100,000 (One Hundred Thousand Naira Only).