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Funny But Can I Borrow From My Pension Fund Account? - Politics - Nairaland

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Funny But Can I Borrow From My Pension Fund Account? by gists: 10:59am On May 11, 2015
This may be funny but worth considering.
Seriously, I have some considerable amount doing absolutely nothing in my PFA. I just need to borrow some part of it and I can prove that I will return the money (which is still mine anyway) in about a month or two maximum?
I know this is supposed to be a safety net for me when I retire. But I need a "nano-short time" loan and going to the bank doesn't make sense in this case. I am 10000% sure I will return ALL the money (but I am sorry I cannot pay interest on my own money grin). I need to borrow this money because of the urgency because ordinarily, I can raise the money myself if I have more time.
Can this be worked out?
Experts should please chip in a word or two.

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Re: Funny But Can I Borrow From My Pension Fund Account? by saintopus(m): 11:15am On May 11, 2015
I have a similar problem too. I have close to a milion Naira. Left the job but I dont know how to collect some of the money.

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Re: Funny But Can I Borrow From My Pension Fund Account? by ttomexy(f): 11:18am On May 11, 2015
Have you been out of job for up to 4 month? if yes just approach your PFA, you will get 25%of the money
Re: Funny But Can I Borrow From My Pension Fund Account? by gists: 11:36am On May 11, 2015
ttomexy:
Have you been out of job for up to 4 month? if yes just approach your PFA, you will get 25%of the money
I am currently in a reasonably good job by Nigerian standard. That is why I am confident I will return the money (100%) and also sure I can raise the money on my own if I have more time. But I need money urgently - in the next 3-5 weeks so I am wondering if my PFA will listen to me. Sadly, no loan benefit where I work.
Re: Funny But Can I Borrow From My Pension Fund Account? by Code213: 12:32pm On May 11, 2015
grin LOL!!! me sef go like to know o!!!! i have been wondering about that as well.

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Re: Funny But Can I Borrow From My Pension Fund Account? by gists: 12:57pm On May 11, 2015
Code213:
grin LOL!!! me sef go like to know o!!!! i have been wondering about that as well.
my broda no be small thing o. What I have with those guys can buy a small tear-rubber car!
It hurts to get turned-down by people you call friends who for reasons best known to them refuse to give you this loan - especially when you know they have it. So, I was just thinking how to get this short-time loan and the next thing I saw was a statement of account from my PFA in my inbox telling me I have x million. The PFA is not even ashamed to tell me my money has grown by a miserable 5% since I stated.
Their should be a way to talk to these guys to let me take a part of it for the next 6 weeks as loan. I don't mind signing an undertaking that I will return 100% the money in 2 months max!

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Re: Funny But Can I Borrow From My Pension Fund Account? by Code213: 2:48pm On May 11, 2015
gists:

my broda no be small thing o. What I have with those guys can buy a small tear-rubber car!
It hurts to get turned-down by people you call friends who for reasons best known to them refuse to give you this loan - especially when you know they have it. So, I was just thinking how to get this short-time loan and the next thing I saw was a statement of account from my PFA in my inbox telling me I have x million. The PFA is not even ashamed to tell me my money has grown by a miserable 5% since I stated.
Their should be a way to talk to these guys to let me take a part of it for the next 6 weeks as loan. I don't mind signing an undertaking that I will return 100% the money in 2 months max!

5%? hah!!! shocked

I hope mine is giving me double figures o!!! Please enquire from your PFA if you can loan some of 'your money' grin , and get back to us so that we can follow suit!! cheesy
Re: Funny But Can I Borrow From My Pension Fund Account? by gists: 2:51pm On May 12, 2015
Code213:

5%? hah!!! shocked
I hope mine is giving me double figures o!!! Please enquire from your PFA if you can loan some of 'your money' grin , and get back to us so that we can follow suit!! cheesy
Double figures? Where you wan see that one? better go check well o. I calculated mine and its exactly 5.6%.
The statement showed my total contribution from the beginning and also shamelessly showed the total gain. A simple calculation of gain divided be total contribution gave me 5.6%. What a scam!!
Re: Funny But Can I Borrow From My Pension Fund Account? by gabriel212: 2:59pm On May 12, 2015
gists:

Double figures? Where you wan see that one? better go check well o. I calculated mine and its exactly 5.6%.
The statement showed my total contribution from the beginning and also shamelessly showed the total gain. A simple calculation of gain divided be total contribution gave me 5.6%. What a scam!!
AM intrested to know if I can asses a loan from my PFA accounts. In addition, the law guiding the PFA fund need to be review so that people can get part of their money and not until retirement or resignation. Imagine am broke while I have IDLE millions in one accounts

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