Loan secured by member’s share savings to a maximum of 95% of total share savings to be repaid as follows:
- Loans up to $100,000.00 maximum repayment period 2 years
- Loans over $100,000.00 maximum repayment period 5 years
This loan will attract an interest rate of 6% reducing balance.
No proof of purpose for this loan is required.
Approval will be subjected to member’s ability to repay.