No. We are a licensed and private money lending and asset management company specialized in providing personal & business loans as well as LPO project financing. We also create cooperative investment opportunities for cooperative members.
We offer personal and business loans as well as LPO project financing. We also provide cooperative investment opportunities for members looking to earn passive income.
Vanir Capital LLC is a registered financial Institution with the CAC, and a licensed money lending company with the Ministry of Home Affairs, Lagos state and Rivers State respectively. We also have a Vanir Cooperative License.
Vanir Capital is run by finance and technology professionals with over 30 years combined in finance and technology domain experience. Vanir Capital’s business transactions are secured and safe.
A line of credit is the maximum amount of credit that a financial institution makes available for a borrower to access. You can draw from the line of credit when you need it, up to the maximum amount.
Vanir Capital currently offers business line of credits to organizations that need access to working capital. To apply visit https://app.vanircapital.org/loans
Maximum amount is N1,000,000. Loan request above N1,000,000 will require a “Quick-to-Cash” collateral. This typically includes, landed property(ies) and other Fixed Assets; the value of which should be estimated at 1.5 times (150%) the value of the loan request.
Maximum loan duration is one year.
You can send an email to loans@vanircapital.org requesting for the outstanding amount on your loan. A response would be sent by our team providing the exact amount to be remitted and account details where payment should be made.
There is no penalty for early repayment, interest rates are charged per cycle (monthly) hence the applicable interest rate for the month will be charged.
The default penalty is 1% on instalment amount for each day of loan default for a maximum of Seven (7) days. If payment is yet to be received after 7 days, accrued penal charges and interest due will be rolled over into the principal amount and recalculated which will lead to higher repayment.
This is the beautiful day when your investment has completed the agreed time period, and you receive your full principal and/or interest pay-out to your account.
Vanir Capital Cooperative investments are protected through our comfort cheques, Internal processes and guidelines, fund provisioning, and external Insurance.
With Vanir Cooperative, you have full visibility on how your investment is growing via monthly notifications on your current earnings and Vanir Capital’s MPRs. The monthly statements provide the following information:
Balance: a sum of your current invested principal + any domiciled returns
Lifetime Returns: The total amount of returns you’ve earned since investing in Vanir capital
Current Returns: Returns earned during the concluded cycle
Projected Returns: The expected returns for future months
Yes. Ideally a one-month notice is required for a liquidation of investments, however, Vanir Capital is willing to liquidate investments on demand at an administrative fee.
Opting out is quite simple and require a one-month notice or payment of an early liquidation fee. To initiate an opt-out, follow the following these steps:
Send an email to investments@vanircapital.org
Title your email “Investment Liquidation Request
State the specifics of your liquidation request
State the investment Plan you would like to Liquidate
State the amount to be liquidated if not full liquidation
Specify account for funds transfer if different from account on file
When doing business with Vanir Capital your personal data and privacy is always secure and kept confidential as stated in our privacy policy agreement.
This is a company that collects information relating to the financial performance with regards to credit facilities of both individuals and corporate bodies and makes this available to banks and finance companies.
This is a number that relates to how likely you are to repay a debt. Banks and lenders use this to determine the risk level associated with approving loans for individuals or corporate bodies.
Yes, there are some fees on investments with Vanir Cooperative and these are listed below:
MANAGEMENT FEE:
A one-off fee of 0.5% Flat on Total Principal Amount managed by Vanir Capital. This is charged on rollovers, investment top-ups and new investments and charged upfront.This fee is the cost of having your portfolio professionally managed by Vanir Capital.
STATUTORY TAX (With-Holding Tax): 10% On Accrued Interest monthly. This charge is mandatory and fixed by government. This is WHT (With-Holding Tax) which is 10% flat of every income as directed by law, and will be deducted from your monthly interest and remitted to the FIRS (Federal Inland Revenue Service). Your Tax Identification Number which is a requirement for tax remittances would need to be provided and a tax credit note will be provided to all investors at the end of the year.
PREMATURE LIQUIDATION FEE:The Pre-Liquidation charge is a penal charge implemented upon early liquidation (Part or Full) of investments. For full liquidations, One-month notice and forfeiture of interest due for the month.
For part liquidations, One-month notice and 1% of liquidated amount. This charge is calculated and deducted before the requested investment principals or returns are paid.
Our loans are not taxed; however, the investment returns have a charge of 10% Withholding tax (WHT) flat which would be deducted from your monthly interest and remitted to the FIRS (Federal Inland Revenue Service).
