Frequently Asked Questions about Jattat.
Our mission is to make financial services easily accessible & affordable to Nigerians. We’re doing this via our diverse financial offerings including savings, investments, zero interest loans, etc.
Jattat is duly registered as a cooperative society with registration number AK 25052. Jattat is also a product of Apeiro Limited RC 1499916.
Jattat is built with high level security, data encryption and we adhere to the latest standards in financial security including SSL security.
We neither store nor transfer your card details on our platform. We work with a payment processor that is PCIDSS compliant (the highest form of security required by CBN) to process your card payments thereby ensuring safety.
We’re located at 5 Udo Ekong Street off Big Daddy, Uyo, Akwa Ibom State, Nigeria.
The wallet is where returns on your investments are paid into. You can also securely save money in your wallet.
Funds are automatically payed into your wallet at the expiration of your investment.
Simply input the amount you intend to withdraw together with the bank details you intend to withdraw to & we’ll manually do a transfer to it after appropriate verification.
The minimum amount you can withdraw is N1,000
Yes you can transfer funds to another user.
Yes they are. We charge N5 for every transfer.
Yes they are. We charge N100 for every withdrawal.
Simply register, visit your dashboard, click on the investment link to see the available investment opportunities & proceed with your investment.
Every investment comes with risk & for every investment listed on our platform we clearly state the risk involved in the description. However, to better manage risk we only list insured investments on our platform.
The insurance only covers your capital. In case of unforeseen circumstances resulting in losses, you’ll only be paid your initial capital.
Funds will be paid into your wallet when its due. You can then withdraw it from your wallet or proceed to reinvest it.
The minimum investment amount is N20,000 while the maximum amount varies per sponsorship.
The duration of an investment varies per investment offer.
Yes you can.
No you can’t liquidate your investment until the maturity date.
Esusu also called rotational savings is a system where individuals come together to make a standard contribute once per time period. The total funds are then disbursed to one member of the group. The recipient changes each time until everyone in the group receives.
We’ve built a secure digital platform to facilitate this with an extra layer of protection to ensure the smooth running of the thrift without the usual problems that always accompany traditional thrifts.
We take 10% of every contribution as insurance. At the end of a successful thrift cycle without any defaults, we’ll reimburse the participants 5% & keep 5% as administrative fees.
You’ll be charge a 0.5% default fee on the default amount.
Where one or two participants fail to contribute as at when due, we’ll take from the 10% & make payment thereby ensuring everything works smoothly.
We’ll forward your details to the Credit Bureau & we won’t hesitate to take necessary legal actions against you.
The duration of a thrift cycle depends on the amount of people involved & the time involved. The maximum duration for a thrift is one year.
Currently minimum is N1,000 & maximum is N100,000
No you can’t pull out until the cycle is over.