In light of shifting demands and in response to your feedback, we are delighted to introduce to you our loans products that will provide you the flexibility and choice in your financial journey. These have been developed to a range of options/flexibility in line with our promise of making it possible and Rising together.
All loans should be within three times your deposit contribution, Holiday advance loan is an exception which is tied to your holiday savings.
All loans except holiday advance should be guaranteed by shares.
a) Repayment term shall be one off.
b) Limit 50% of member net salary
c) Maximum amount up to total members share contribution.
d) The interest rate shall be 10 %