Unsecured Loan

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 minimum of Two (2) guarantors to stand security. If the borrower becomes delinquent, the guarantor will be held accountable to repay the loan (signed contract provided).

A Salary deduction is mandatory for this loan.

50 %
Interest Rate

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.