A member is eligible for a loan once they have met the requirement. Members may borrow up to 10 times their Shares depending on the loan types. Interest rates on loans are very competitive and vary according to the share ratio. All interest rates are calculated monthly on the reducing balance. Once you are borrowing more than you have saved, collateral (security) may be required for the loan.  
 
 



Shares should not exceed loan balance by three months interest, shares must be free, if not additional security will be needed, verification of salary/income will determine the granting of the loan, interest 1.25% monthly on the reducing balance. Other conditions may apply

 
 
 
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