Features

• The maximum limit shall be four times one saving subject to the society’s approved limit.
• The interest chargeable shall be 13%pa.
• The extra cash Commission of 10%.
• The product shall not be charged Bridging commission.
• The product shall be accessible to all savers.
• The term of the loan will be 60 months
• The loan to be fully secured by acceptable securities.
• The applicant must have exhibited a good historical background on loan repayment.
• The member to be in the company of guarantors who exhibit very good capital base and past good loan repayment.
• The drawing and the loan must end within the stipulated period.
• This product will only be applicable to members who desire to have additional cash on top of the existing loan balance.