• The maximum amount one can borrow is 2* deposits
  • Guarantors must be from existing membership or members in the check-off system.
  • Maximum repayment period is 72 months.
  • Interest rate 12% per annum.
  • Proof of pension/income ability to repay the loan or place an irrevocable standing order with the bank.
  • The income should not be below 1/3 of the Average net income/pension
  • 3 Month’s bank statement where the standing order will be placed.
  • Member should not have guaranteed other
    members.
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