Members can access up to a maximum of $500,000.00 the share ratio being 5:1.
This loan will attract an interest rate of 20% reducing balance and subject to affordability and credibility.
The repayment period for this loan is 1- 5 years.
No collateral is needed for this loan.
A Salary deduction is mandatory for this loan.
NB: Unsecured Loans that were previously granted for 25% and members still have a loan balance will continue to pay at this rate of interest.