Loan Structure

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This comprises of Car loan, Emergency Loan, and other types of Loan...

    The society offers to its members the following classes of loans:

    a.    Normal loan: This is a regular loan offer by the society to its members. Members are entitled to 200% of their balance savings with the society for a maximum of 24 months tenor at least interest rate of 5% for 6months tenor, 8% for 12months tenor, 10% for 18months tenor and 12% for 24months tenor. { You may click here for the normal loan application form}

    b.   Emergency loan: The members of the society are entitled to 100% of their Net pay in addition to their normal loan. The processing time for this is 24hrs after submission. Repayment period for this type of loan is 4 months (Maximum Tenor) with 15% flat interest rate. The emergency loan enables members to quickly settle immediate financial obligations such as payment of children school fees and other urgent needs. {Click here for the emergency loan application form}

    c.    Home Ownership/Mortgage Scheme: The society offers its member the opportunity to own their personal landed property through its home ownership scheme and Mortgage facility. The scheme also offers services on land acquisition, housing construction and management for its members in desire of such. The home ownership scheme/mortgage facility is service oriented providing funding and, development alternatives and implementation strategies.

     The Funding Option attracts a maximum interest rate of 27% at a reducing rate with a repayment period not exceeding 60months. The beneficiary of this scheme is expected to have with the society a saving balance of 30% of the actual cost of construction.

     

MEMBERSHIP LOGIN

Yaba College of Technology Multipurpose Cooperative

YCT-STAFF MULTI-PURPOSE CO-OPERATIVE SOCIETY is made up of over 1500 staff of the Yaba College of Technology (Teaching and non-teaching) and over 60 staffs of the Institution’s Secondary and Primary Schools. The society was established in 1987 and incorporated in 2004 with registration No: LSCS8045 to foster the economic welfare of its member through the advancement of credit facilities.

This allows registered members to save part of their salaries for the future...
Members Contribution

This allows registered members to save part of their salaries for the future... read more

This comprises of Car loan, Emergency Loan, and other types of Loan...
Loan Structure

This comprises of Car loan, Emergency Loan, and other types of Loan... read more

This allows registers members to purchase stocks (goods) in lesser cost...
Goods and Commodity

This allows registers members to purchase stocks (goods) in lesser cost... read more

EXECUTIVE MEMBERS

Dr. Okesoto, J, O
On behalf of tge executive committeei welcome you to the website of our great society. The website provides you opportunity to interact with the society with a tab on your Palm or on your table. Read More
Dr. Okesoto, J, O, President

UPDATE/EVENTS

Emergency Loan

Emergency Loan
Members that are interested in the collection of Emergency Loan should please see the Accountant General for loan update
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Normal Loan

Long Term Loan
members that are interested in collecting Long Term Loan (LTL) can please contact the Accountant General for approval. Thanks.
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Products and Services

New Arrival!
We have some newly arrived products for active members. Please visit the complex to purchase. Thanks
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