If a member recently joined the credit union and does not have any form of savings within the last three to six months, the member is required to deposit 10% of the loan amount borrowed.
Repayments of this loan can be done in a maximum of twelve months.
Repayment of this loan will be salary deduction only
No share ratio required.
The rate of interest will be 48% on the reducing balance.
Members can access a maximum of:
Members can access a minimum to offset expenses at: