Dignity Finance & Investment Ltd is promising stable ROI for investors looking to put their money to work.
The company, which is based in Abuja, claims to be offering non-banking services which includes consumer loans and wealth management.
In this review, we’ll take a look at what Dignity Finance is offering and if we should take them for their word.
Let’s jump right in.
What is Dignity Finance All about?
The company claims to be a leading finance company in Nigeria offering non-banking services.
Formerly operating as Inter Trust Limited, with a change of name in 2009, they claim to have a CBN license as a non-bank financial institution since 2003.
The company claims to have a track record in contract, Local Purchase Order (LPO) financing, Leasing and Asset Management, and granting of personal loans.
How Does Dignity Finance Make Money?
From the company’s proposition, it is clear that they make money from investing funds into consumer lending services and financing LPOs.
They basically use investor funds to create financial derivatives that bring returns for both the company and its investors.
How to Invest With Dignity Finance
To start investing with Dignity Finance & Investment ltd, you have to visit their office in Abuja and talk directly to their reps.
Their office address is at 5, B.O.W Maferi Close, Off O.P. Fingesi Street, Utako, Abuja.
How Much ROI Does Dignity Finance Offer?
The company claims to offer a ROI of between 5% to 7%.
The required minimum investment tenure is 30 days (1 month), while the minimum investment amount can be negotiated at the time of investment.
Is Dignity Finance & Investment ltd Legit or a Scam?
In my opinion, the company looks legit, as they are registered with the CBN.
A look at the List of CBN licensed finance companies in Nigeria as at June 2021, shows the company listed as Dignity Finance Limited.
So, at least they have a first pass. You can do further diligence to determine the company’s legitimacy.
What I Dislike About Dignity Finance
Well, for me, the ROI is poor.
With so many Fintech opportunities at the fingertips of most investors, it’s not hard to get a paltry 5% on your investment if you know what you’re doing.
But I get the fact that most brick and mortar finance house in Nigeria offer modest ROI due to their nature of operation.
What I Like About Dignity Finance
As a brick and mortar finance institution, there are opportunities to enjoy customized investment products with Dignity Finance.
You could easily walk into their office in Abuja and present a financial proposal that could earn you a higher ROI than advertised.
Can You Lose Money with Dignity Finance?
For now, I don’t see any way that could happen.
As long as you do your due diligence with the company, visit their branch office, and choose an investment product that is right for you.
Should You Invest with Dignity Finance?
If you’re okay with the company’s proposed ROI, then it’s a no-brainer.
The plan is to choose an appropriate investment product that can give you your desired ROI.