Emergency/Education Loans (E-Loans)
Purpose of loan: Loan product designed to assist members pay fees and for unforeseen circumstances.
Maximum Amount: Deposits multiplied by 4. Maximum 500,000.
Maximum Repayment period: 12 months
Loan security: At least four guarantors whose deposits adequately cover the loan applied.
Interest Rate: 1.25% per Month. Interest charged on reducing balance.