Insurance Premium Financing

This is a loan for payment of insurance premiums e.g. health, motor, property etc.

  • All form of security acceptable.
  • Repayment period is 9 months.
  • Subject to 3 times member savings.
  • Collaterals are acceptable for this loan
  • Interest rate is 1 % per month or 12% per annum on reducing balance.
  • Loan processing fee is 1% of the loan amount
  • Loan insurance fee is 1% of the loan amount per annum.