SCHOOL FEES LOAN Loans, which are issued for education purposes. Terms • Maximum repayment period of 12 months • Interest rate at 1% per month on reducing balance • Maximum eligibility 3 times deposits subject to 1/3 rule Requirements • Current pay slips • Minimum of six guarantors • Copy of ID card and ID copies of guarantors • Non…
SPECIAL LOAN This is a loan, which is granted at the end of the month, and deduction is made within four months. TERMS • Maximum repayment period of 4 months • Interest rate at 5% per month on reducing balance. Requirements • Current pay slip • Minimum of three guarantors • Copy of ID card and ID copies of guarantors…
EMEGENCY LOAN This is a loan which is granted to members when they have unforeseen pressing issues its less than 24hours. Deductions are made within twelve months. Terms • Maximum repayment period of 12 months • Interest rate at 1% per month on reducing balance • Maximum eligibility 3 times deposits subject to 1/3 rule Requirements • Current pay slips…
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