FAQs

Frequently Asked Questions

Can I invest on behalf of my child, friend or family?

Yes, benefactor of the investment can be specified in the registration form.

Is there an Exit fee (early liquidation)?

Yes, there is an exit fee of 1% flat of the liquidated amount. However this only applies to early liquidation.

What is Gadget Financing?

Gadget Mix is a product created by TCL to allow salary earners to pick up gadgets such as laptops, mobile phones, and accessories from selected vendors and spread payment on this item for up to 3 Months.

How long can my investment last (tenure)?

Acceptable tenure of investment is from 2 cycles (months) and above..

What does 4:24 mean?

4:24 is the scheme for clients/investors who enjoy payment of 4% flat interest on the 24th of every month.

Why should I invest with TCL?

You should invest with TCL because we have highly competitive return on invest.

How can I invest?

You can reach us through any platform (phone, email, social media) and one of our representatives will contact you or download the Leya App and sign-up.

Are there any hidden fees or charges I should know about?

There are no hidden fees or charges on your Investment. However, there is a fee payable to the company for managing your portfolio and this is expressly stated in your investment letter (i.e. Management/renewal Fee – 0.5% flat payble at start of investment) and statutory tax (WHT & VAT).

Can I liquidate my investment at any point in time?

Liquidation can only be done after a prior 30 days notice has been given.

What currency of investment is allowed?

We accept both Naira and Dollar denominated funds. However the maximum tenor for Dollar denominated funds is 2 cycles (months). We can accept investment in Dollar (USD), only at an agreed rate and a tenure not less than 6 months.

What is the maximum/minimum amount of money I can invest?

There is no upper/lower limit to the amount you can invest.

What are the supporting documents required?

You will be required to fill our one-time customer KYC form and provide agreed collateral.

Who can be my guarantor?

A Guarantor can only be a Banker.

What is the interest rate on loans?

We charge 5% for salary earners and 10% for business owners.

How is the repayment plan for loans?

We allow flexible repayment to fit our customer’s cashflow. However each cycle repayment must at least accommodate interest repayment.

What is the maximum amount of loan I can take?

We lend based on the customer’s cashflow or collateral provided.

How often can I ask for a loan even if I have already taken?

You can request for additional funds (top-up) as long and your cash-flow or collateral can cover it.

What would happen if I do not complete my payment during the tenor of the loan?

The collateral for the loan will be liquidated upon default and/or non-compliance.

What forms of collateral are accepted?

We accept Banker’s cheque, Vehicles, Land or property (in Lagos).

Can I complete my loan before my tenor ends?

Yes, loans can be prepaid on or before the end of the agreed cycle/tenor.

What are the requirements of loans?

Filled Bio-data form and supporting documents

How long is a cycle?

A cycle starts and ends on the 24th of every month