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 Repayment Period: 48 Months, 60 Months.
Loan Security: At least five guarantors whose deposits adequately cover the loan applied.
Interest Rate: Up to 48 Months. 1% per Month, 49 to 60 Months 1.21% per month, Interest charged on reducing balance