Credit Product

• Issued to a member with an outstanding development loan which must have been paid for at least 3 months.
• The loan runs parallel with existing loans.
• Enables members to get funds to complete projects.
• Qualification for this type of loan is based on ability to pay. and deposits held with society.
• Repayment period is up to 48 months.
• interest is 1.3% p.m on reducing balance.
• Loan’s Security is members deposits, guarantors or collateral.