Frequently Asked Questions

Mohrad Finance is an invitation-only community. You need an invitation from an existing member to join. Once you have an invitation, you can register with your referral's name and pay the ₦10,000 joining fee.

The one-time joining fee is ₦10,000. This fee grants you lifetime membership to Mohrad Finance and access to all our services including savings accounts, dividend payments, and loan facilities.

You can start saving with as little as ₦1,000. There's no maximum limit on how much you can save. The more you save, the higher your potential dividends and loan eligibility.

Dividends are paid annually based on your average savings balance throughout the year. The current annual dividend rate is approximately 12%.

After maintaining your savings account for at least 6 months, you become eligible to borrow up to twice (2×) the amount you have saved. For example, if you have ₦50,000 in savings, you can borrow up to ₦100,000.

We offer competitive interest rates for our members. The exact rate depends on the loan amount and repayment terms. All terms are transparent with no hidden fees.

Loan applications are processed quickly, with approval and disbursement typically completed within 24 hours for eligible members.

Yes, we serve all Nigerians regardless of location. However, membership is strictly by invitation only from existing members.

No, there are no monthly maintenance fees for your savings account. The only fee is the one-time ₦10,000 joining fee when you become a member.

Members can access their accounts 24/7 through our secure online portal at portal.mohradfinance.com. You can check your balance, transaction history, and manage your loans online.