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Conditions
- Loan is advanced within the members deposits who haven’t guaranteed any loan. Member should not have guaranteed other members No guarantors required. Hoewever If a member has guaranteed a loan, they will be required to have their loan guaranteed as well.
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Repayment Period
- 48 months
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Maximum Loan Amount
- Maximum loan Limit is 95% of members own deposits
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Interest Rate
- 10% p.a. on reducing balance
- o 1% Processing fees o
- 1% Processing fees
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