I Sent this mail to HB with no reply, we need answers before we land ourselves in trouble, anyone please help.

Heritage Bank staffs were avoiding questions yesterday, they directed us to their online portal and they are not here today NYSC/CBN staffs has no anwers.




My name is Kolawole Babajide, I am a participant at the ongoing YIEDP training,
We have a few questions here at the Enugu training centre which has been articulated in this mail, it would be appreciated if we can get an immediate response from your team before the end of the training.

-If the loan will be disbursed in instalments, how will the interest rate be paid, I.e will I be paying interest rate on the full capital(3,000,000) when I'm only credited with part capital.

-We were informed that the interest rate will be compound, what method will be applied?
reduction method or flat rate?

-They also told us that it's 9% per anum, that's 270,000 per year ooo, is that not roughly 27% in total? Which is the average commercial bank interest rate, is there a reason to proceed? Abi what's the point traveling from Lagos to Enugu for the program when I can simply go to UBA or GTB in Egbeda for the same offer?

-Please help forward a sample calculation of expected responsibility of beneficiaries for proper clarifications.
using N3,000,000 as an hypothetical example.


Abeg any loan specialist here on nairaland?
Please you'll be saving close to 1500 youths waiting to either succeed or be slaughtered.

Please!

heritage bankers over to you.

This heritage bank self.... I'd been trying to submit my business plan since the day I came back fron the tree day training, all my effort to get this done was futile.....and they were not replying my frequent request/msg on e-mail. Did anyone know How to get it submitted