General loans
This loan facility is secured by members’ savings) and/or collateral.
Features
- Up to 200 million
- An interest rate of 10% straight line
- Period of up to 3 years
Plan Benefits
- Favorable interest rates are offered.
- Flexible repayment terms
- Repayable in regular bi-weekly or monthly loan installments.
Requirements
- 33% of the requested loan amount is in savings.
- Completed Loan application form
- Acceptable collateral may be:
- Property i.e., Land & Buildings
- Savings
- Guarantors (where applicable)
