Development Loan

  1. A member can access Two Development loans at a time
  2. Repayment period shall not exceed 72 months.
  3. Interest rate chargeable shall be 12%.
  4. Maximum entitlement shall be 4 times of total deposits and Shares
  5. Security shall comprise the guarantors and collaterals.
  6. Ability to pay within 2/3rd of income.
  7. The shares shall entitle maximum limit but will not be used to secure the loan.