Brooks
A Cooperative Subscription Savings with Loan Opportunity
Brooks is a revolutionary savings product that combines the benefits of long-term financial planning with the flexibility of accessing funds when you need them most. With Brooks, you can grow your savings for the future while having the option to take out a loan against your funds if unforeseen circumstances arise.
Loan Access: One of the unique aspects of Brooks is the option to take out a loan against your accumulated brooks savings. Life can be unpredictable, emergencies or unexpected expenses may arise but, spending it all is not the desirable option. With Brooks, you have the flexibility to access a double portion of your funds as a loan, providing you with financial security and peace of mind.
Competitive Interest Rates: When you choose to take a loan against your Brooks savings, you'll benefit from competitive interest rates. This allows you to access the funds you need without the burden of exorbitant borrowing costs.
Flexible Repayment Options: We understand that everyone's financial situation is different. Brooks offers flexible repayment options for your loans, allowing you to tailor the repayment schedule to fit your needs. Whether you prefer shorter-term repayment or a longer-term approach, we provide choices to suit your circumstances.
Expert Guidance: Our team of financial experts is dedicated to supporting you on your retirement savings journey. We are here to answer your questions, provide guidance, and offer valuable insights to help you make the most of your retirement savings strategy.
Interest Calculator
Adjust the figures below to your plan.
Your result
Estimated investment value.
In 1 year(s) your investment could worth
₦ 674,887.81
The more often interest is compounded, or added to your account, the more you earn.
INITIAL BALANCE
₦ 500,000.00
74.09% of total
CONTRIBUTIONS
₦ 0.00
0.00% of total
GROWTH
₦ 174,887.81
25.91% of total
Now build a plan to reach ₦674,887.81
Now that you've calculated your estimated investments, your next step is to use the Hills to build your investment plan.
| Year | Year Deposit | Year Interest | Total Deposit | Total Interest | Balance |
How it works
On the Hills dashboard, click on Invest or Add money. Input the amount you want to invest and select the payment method.
There are generally three payment methods- Bank transfer, payment with your debit card, and a voucher sent to you by a loved one.
Your dividend is accrued and added to your investment daily. In fact, your first dividend is paid by midnight after your investment has been approved. Isn't that amazing? Start here.
Your dividend is accrued and added to your investment daily. In fact, your first dividend is paid by midnight after your investment has been approved. Isn't that amazing? Start here.
Withdrawal method
Withdrawal on Hills is made very flexible. It opens once every quarter (every three months) upon maturity of your funds.
Withdrawals of more than one time in a quarter will attract a 6% deduction from the withdrawn amount. This is to help keep you prudent in your savings and grow your funds over time. For an emergency fund with a more flexible withdrawal plan, check out Divi.
Withdrawals of more than one time in a quarter will attract a 6% deduction from the withdrawn amount. This is to help keep you prudent in your savings and grow your funds over time. For an emergency fund with a more flexible withdrawal plan, check out Divi.
