Investment Loan

Granted for purposes of establishing a business or acquisition of financial investments.

  • The maximum amount that can be applied is 3 times the members savings
  • The repayment period is 48 months i.e. 4 years
  • The interest charged is 1.2% per month, on a reducing balance
  • Collaterals are acceptable for this loan
  • All loans regardless of guarantors MUST be accompanied by collateral
  • Proof of business establishment or acquisition of financial assets must be provided
  • Loan processing fee is 1% of the loan amount
  • Loan insurance fee is 1% of the loan amount per annum