Higher Education Loan

Caters for college and university fees.
• Maximum Amount: 3.5 times member’s deposits.
• Maximum period: 24 months.
• Interest charged: 1% p.m. on reducing balance.
• Loan security accepted: Guarantors.
• The fee structure should be attached.

External Lumpsum Deposits Waiting Periods

A member who wishes to top up a lump sum amount to their member deposits  account with the intention of borrowing a loan will be subject to the following waiting periods:

500,000 and belowZero waiting period
500,001 to 2 Million30 days
Above 2 Million60 days

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