ESS/School fees
School fee loans are short term loans for purposes of paying school or college fee for the member or the dependents. The loan has a maximum repayment period of 12 months.The credit product is only available to those members who have joined the Education Savings Scheme.
FEATURES
- Applicant should be a member of Education Savings Scheme to qualify
- Qualification of up to 4 times of the Savings
- Max repayment period of 24 months
- Interest rate of 1% per month
- Members must have contributed ESS shares for at least 6 months
Requirements
- Preprinted 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
