Normal Loan

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Enables a member to acquire assets & finance other development projects.
• Maximum Amount – 3.5 times member’s deposits.
• Repayment period – 72 Months.
• Interest charged – 1% p.m. on a reducing balance.
• Loans security accepted: guarantors, title deed, log book.

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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