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NORMAL LOAN

Purpose of loan

Long term loan for development purposes like land purchase, building homes, Motor vehicle purchase among others.

Maximum Amount

Deposits multiplied by 3

Maximum 6,000,000

Maximum period

48 Months

60 Months

Loan Security

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

Other Conditions

Loan deduction MUST be within 2/3rd rule on Basic Salary.

14.5% Interest on loan Top up.

15% interest on loan clearance.

Loan approved once a month.

0.75% Insurance fee.

Interest rate

Up to 48 Months. 1% per Month (12% P.A),

49 to 60 Months. 1.21% per Month (14.5% P.A)