Refinancing Loan

Features of the loan:

  • This is a top up to an existing loan(s)
  • Loans are given based on 3 times of normal savings
  • Interest rate is at 1% per month
  • Maximum repayment period is 48 months
  • 1/3 rule applies for those on payroll
  • Security; Guarantors or collateral but terms and conditions apply
  • Guarantors must be members of the society