Purpose This loan gives members ability to access a higher amount, within an existing loan, under fresh terms. Features The loan is refinanced subject to terms and conditions of that particular loan product A commission of 10% is charged on the outstanding loan balance. The interest charged is 1.0 % per month on a reducing…
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PurposeThe Normal Loan is designed to address the development needs such as Building homes, Large scale farming, Motor vehicle purchase among others. Features The maximum amount one can borrow is 3 * Deposits. The repayment period shall be a maximum of 36 months subject to contract period. The loan shall attract interest rate of 1%…
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PurposeThis product is designed to assist members pay school fees in various institutions of learning. Features The maximum amount one can borrow is 3 times the member’s deposits. The interest charged is 1% per month on a reducing balance The loan is repayable within 12 months from the time of issue The fee Structure of…
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