FAQs_old

WHAT IS KYRIOUS REAL ESTATE COOPERATIVE SOCIETY?

Kyrious Real estate Cooperative Multipurpose Society is a company focused on helping its members save and invest towards purchasing property.

This is accomplished by combining simplicity, discipline, convenience, and flexibility to enable you manage your finances better by saving little amounts of money periodically (monthly) towards the aim of property acquisition.

DOES KYRIOUS REAL ESTATE HAVE AN OFFICE?

YES.

We are located at: 62/64 Campbell Street., Lagos

Contact Number: +234 (706) 437-1001

Email address: kyrious@eximiarealty.com

HOW DO I REGISTER AND CREATE AN ACCOUNT?

You can sign up and register by providing basic information such as your name, phone number and email address on our website.

You will be subsequently contacted to fill the required form and upload necessary documents.

CAN I JOIN THE COOP FROM OUTSIDE THE COUNTRY?

YES.

We have a web-based platform that provides members with 24/7 access from any location worldwide.

WHAT IS THE MINIMUM INVESTMENT?

A member can save as low as 50,000 Naira per Month.

CAN I INCREASE MY SAVINGS AT ANYTIME

YES.

A member can increase or change he/her savings plan once it is communicated and approved by management.

WHAT PAYMENTS DO I NEED TO PAY TO BECOME A MEMBER?

To become a member of the cooperative, you need to pay for:

  • Joining Fee: ₦ 25,000 one-off
  • Admin Fee: ₦ 10,000 per annum

Allocation: ₦ 100,000 per share(2 share maximum

WHAT DOES THE 2 SHARES REPRESENT?

The two (2) shares represent the interests held by the member in the Cooperative.

DO THE SHARES COUNT TOWARDS MY SAVINGS?

NO.

A member’s shares does not count towards his/her saving when he/she purchases a property or land from Eximia Real Estate Company.

IS THERE A LIMIT TO SHARE HOLDING?

YES. No member shall hold more than one-fifth of the number of shares actually paid up by all members.

IS THERE A LIMIT TO SHARE HOLDING?

YES. No member shall hold more than one-fifth of the number of shares actually paid up by all members.

CAN I TRANSFER MY SHARES OR INTEREST?

YES.

A member shall in writing nominate a person or persons to whom his shares or interest in the society shall be transferred.

CAN I SAVE MORE THAN MY MONTHLY SAVINGS?

YES.

Every member has full access and control of his account and can determine the frequency of his monthly savings, provided that the minimum monthly payment is met.

DO I HAVE TO LOG IN EVERYTIME I WANT TO SAVE?

YES.

All members must login into the Kyrious E-business platform in order to save.

However, in rear occasions, a member can also pay directly to the bank provided that he/she communicates the details of the transaction to a Kyrious operative.

CAN I SAVE OR PAY IN FOREGIN CURRENCY?

Not at the moment.

CAN I PAUSE AND CONTINUE SAVING ANYTIME?

YES.

A member can pause and continue he/her savings plan once it is communicated (via email) and approved by Management.

HOW SAFE IS KYRIOUS?

100% secure. Our payment gateway uses standard secure technologies to process all online transactions.

WHAT IS MY INTEREST RATE?

Each members receives an interest rate of 5%.

HOW IS MY INTEREST PAID?

Interest is accrued daily on your balance, and paid monthly.

IS MY INVESTMENT INSURED?

YES

IS THE INVESTMENT TAXED?

NO

HOW DO I WITHDRAW SAVINGS?

Withdrawal shall be by one month’s Notice conveyed in writing to the Management Committee provided that the withdrawing member is neither indebted to the Society nor surety for any unpaid debt.

WHERE IS THE PROPERTY PRICE LIST?

Follow the link on our website to “Eximia Projects”.

DO YOU HAVE A MOBILE APP?

Not at the moment.

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