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DEVELOPMENT LOAN

  1. Purpose of loan
  • Long term loan meant for development of major projects such as large scale farming.
  1. Maximum Amount
  • Deposits multiplied by 4
  • Maximum 8,000,000
  1. Maximum period
  • 84 Months
  1. Loan Security

     At least seven guarantors whose deposits adequately cover the loan applied.

  1. Other Conditions

         Loan deduction through member salary or other incomes.

  • 15% interest on loan clearance.
  • Loan approved once a month.
  • 0.75% Insurance fee.
  1. Interest rate

      1.21% per Month (14.5% P.A)