Ordinary loans
Loans are based on your share savings and the ability to repay at reasonable rates. Members are allowed to borrow up to 2 (two) times their shares.
Loans
Motor Power Loan
A facility to purchase Roll on Roll Off (Vehicle must not exceed four (4) years) & New Vehicles up to $200,000.00. 10% down of the total vehicle, legal fees and insurance.
Mortgage
This is a mortgage loan which finances the purchase of a property or land only, for private use by the owner. Mortgages are given at reasonable rates of interest.
Christmas Loan
A seasonal twelve months loan with personal limits. The amount that members are able to borrow is assessed on their ability to afford the repayments within twelve months.
Consumer Durables
By contributing regularly to your Shares Account, we get to know you. A character loan is a type of unsecured loan that is made on the basis of the borrower’s reputation and credit.
Credit Plus
A revolving twenty-four ( 24) month loan facility with personal limits.
Annual Premium Plan
Pay for Annual Expenses. Up to 10K for twelve (12) months at a rate of 5%.