Cowry (Personal) Loan
A loan designed for whatever
challenge you may face
Funds that prepare you for the expected and the unexpected with very low rates and flexible payment plans.


Features
- Available to age 22 – 55 years
- Determined by 50% of monthly take home, subject to N3 million limit
- Maximum tenor of 12 months with equal monthly repayment of principal and interest
- Applicable interest rate: 2.5 % monthly
- Late repayment fee of 1% flat per month (over the approved lending rate) applicable on outstanding unpaid obligation without recourse to Borrower
- Domiciliation of salary with Heritage Bank
- Undertaking by Borrower’s employer to keep salary domiciled with Heritage Bank and gratuity/severance/terminal benefits paid to the bank in event of default