Normal / Development Loan
The loan is meant to assist members who need to undertake development projectsThis is a major loan for purposes such as land purchasing, house purchase/building, car purchase etc
The loan facility is processed and disbursed once monthly


Features
- A member is given 3 times his/her deposits or the ability to pay
- Qualification of up to a maximum of X3 deposits
- Recovery period of 36 months
- Membership of at least 6 months to qualify
Requirements
- Pre-printed application forms
- Copies of Identification Document used in the member registration,
- Most current original pay slips for salaried members
- Identification copies of the guarantors
- Guarantors’ original pay slips if any