Annuity Loan

You can apply below.


An annuity loan is a type of loan where an annuity holder (Annuitant) borrows money against the cash value of the annuity contract with the insurer (Leadway Assurance Company Limited).

An Annuitant makes a loan request online and the Borrowers (Annuitant) usually have up to three years to repay an annuity loan.


  • Prospect must have an Annuity Program with Leadway Assurance Company Ltd (LAC).
  • The annuitant must have a guaranteed period of at least 4 years with LAC.
  • Must have a Bank Verification Number (BVN) from the bank.
  • Must have a valid e-mail account for loan request application online.
  • Annuitant must have handy his / her Policy number, Phone number (registered with LAC), BVN


  • Loan amount is repayable over a maximum period of 3 years.
  • Interest rate is determined from time to time by Leadway Capital and Trusts Limited.
    It currently stands at 21.5%.
  • Monthly Repayment Amount must not be more than 33.33% of Annuitant Annuity.
  • Net Annuity after loan deduction must not be less than 66.66% of Annuitant Annuity.
  • Monthly net annuity after loan repayment should be a minimum of N18,000.