This loan assist is unlocking the members’ opportunities towards accessing their non- withdrawable savings to cater for immediate needs.
- This Loan is granted at a maximum of 80% of the member’s total savings.
- This Loan is repayable within 36 months.
- This Loan attracts a 1% interest rate per month on a reducing balance.
- The Loan must be fully guaranteed.
- Processing fee of 1% and Insurance of 1% of the loan are recovered upfront.
- Top-up loan is available for Development Loan.