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DEVELOPMENT LOAN

Features

  • Interest rate of 1% on the reducing balance
  • 0.5% of the loan amount for insurance
  • 0.85% of the loan amount for processing fees (Max 10,000)
  • Maximum loan repayment period of 72 months
  • At least 5 loans at a time
  • Membership for at least three months
  • 3 times deposits fewer outstanding loans
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