Membership Eligibility
Membership is open to eligible individuals and businesses that complete registration, provide accurate information, submit required documents, and agree to Smart Save Cooperative policies.
Smart Save Cooperative
Terms & Conditions
Last updated: July 2026
Registration Fee
A non-refundable registration fee of ₦5,000 applies to membership registration unless otherwise stated in an approved promotion or cooperative communication.
Savings Conditions
Members are expected to make minimum contributions according to their selected plan. Withdrawals may be made once per quarter, and the maximum withdrawal is 60% of total contributions, subject to review and cooperative procedures.
Loan Terms
Loans are subject to guarantor requirements, published interest rates, repayment capacity, documentation, savings history, and final approval at the discretion of Smart Save Cooperative.
Investment Terms
Investment returns are subject to cooperative performance, market conditions, selected product terms, and approved distribution policies. Returns are projected for guidance and are not guaranteed.
Member Responsibilities
Members must provide accurate information, keep contact details current, make agreed contributions, repay loans promptly, protect account access, and comply with cooperative rules.
Termination and Exit
A member may exit the cooperative subject to applicable notice, account reconciliation, outstanding loan recovery, investment maturity terms, and any obligations under cooperative policy.
Governing Law
These terms are governed by the laws of the Federal Republic of Nigeria and applicable cooperative, financial, and data protection regulations.