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