General loans

This is a loan facility secured by members’ savings and Defined Contributions Plan (DCP) and / or collateral.


  • Maximum loan amount of 200m/=
  • Competitive annual interest rate of 10% charged on straight line.
  • Payable in three (3) years
  • Loan amount is an equivalent or more of savings plus Defined Contributions Plan (DCP).
  • Loan top ups are accessible at a cost of 1%


  • One-off Insurance Fee of 1%
  • Favorable interest rates offered.
  • Flexible repayment terms
  • Repayable in regular bi-weekly or monthly loan installments.


  • 1/3 (33%) of the requested loan amount in savings.
  • Defined Contributions Plan (DCP) and/or Land Title