Purpose of loan
Long term loan for development purposes like land purchase, building homes, Motor vehicle purchase among others.
Deposits multiplied by 3
At least five guarantors whose deposits adequately cover the loan applied.
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.
Up to 48 Months. 1% per Month (12% P.A),
49 to 60 Months. 1.21% per Month (14.5% P.A)