Loan given to our members to enable them educate their children and to further their own education. Amount granted depends on the ability to pay, payable within given time. This loan is normally given late in the year for continuing students and early in the year for form one students. The loan requirement is that a member must attach the school fees structures and an invitation letter for new student
Features
a) The interest rate is 7.7% P.A
b) Maximum repayment period 24 months
Requirements
a) Fully paid up member
b) Maintain account for at least 3-6 months
c) Get loan up to 5 times the value of your deposits
d) Loan security, own deposits, guarantors ,title deed ,logbook