Purpose
This is a loan facility advanced to new members who wish to take out a loan before the 3 months of membership period is over
Features:
• The maximum amount is pegged on installments of 2/3 of a member’s net pay
• Interest rate is 2% per month straight line
• Quick loan processing: 3 days maximum
• Maximum repayment period is 3 months
• Security options: Guarantors’ deposits
• 1% once off processing fee
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