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Conditions
- Maximum of three (3) loans shall be granted in a calendar year.
- Applicants are encouraged to apply a month preceding for consideration.
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Repayment Period
- 12 Months
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Maximum Loan Amount
- 3 times member’s deposit
- Members ability to repay
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Interest Rate
- 10% p.a. on reducing balance
- 1% Processing fees
- 1% Insurance fees
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