Loan Repayment Guaranty

This package is meant for individuals only. There is a separate package for organizations.

The person taking the loan should be the one to be insured.

Profile Requirement

Name; and
Means of identification (e.g. BVN).

Additional Fact Required

Applying this insurance upon an entity requires some additional facts:

{
    "srvcVrsn": "2",
    "userInfo": {
        "id": "us0123456789abcdefghij0123456789",
        "athrzt": {
            "id":  "id1234567890abcdefghij1234567890",
            "key": "ky1234567890abcdefghij1234567890"
        }
    },
    "cmmnd": {
        "cmmnd": "entt_61650326540479734892b1uszoua2hib: insure",
        "seed": {
            "ctgry": "loan",
            "type":  "stnd",
            "pckg":  "1111",
            "id": "1234567890abcdefghij1234567890aq",
            "addtnlFact": {
                "amount": "5000000",
                "tenure": "3m",
                "lender": "renmoney",
                "dsbrsmAccnt": ["zenith", "0001234000"],
                "startDate": "2022-05-01",
                "endDate": "2022-04-01"
            }
        }
    }
}

Data Id	Meaning	Further Info
cmmnd.seed.addtnlFact.tenure	This data stands for the duration of the loan.	The value of this should a fusion of numbers greater than 0 and their respective units.

Supported Tenure Unit

Unit	Title	Possible values	Equivalent
d	Day	1 - 6
w	Week	1 - 3	1 week = 7 days
m	Month	1 - 12	1 month = 4 weeks; 1 month = 28 days
y	Year	1 - ∞	1 year = 13 months; 1 year = 52 weeks; 1 year = 364 days

Examples: 1d, 1w, 1w2d, 1m, 1m2w, 1m2w3d, 1y, 1y2m, 1y2m3w, and 1y2m3w4d