Property Loan

• Enables a member to acquire assets & finance other development projects.
• Maximum Amount – 3.5 times member’s deposits.
• Repayment period – 60 Months.
• Interest charged – 1% p.m. on a reducing balance (6.5% p.a.).
• 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:

Revised Loan Application Form

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