Interest rate of 1.3% orb
Loan finances an investment in the form of Fixed Deposit at the credit union for a minimum of one year.
No documents required for this loan.
The repayment period for this loan ranges from 12 months to 5 years or up to age 60 of applicant not exceeding 5 years.
Fixed deposit will be opened within 72 hours.
Certificate will be issued to applicant.
Repayment will be through the authorization of salary deductions.
- Competitive interest rate.
- Reduction in debt servicing.
- Money saved can be invested in a savings product.