Loan Restructuring Product
- The maximum limit shall be four times one saving subject to the society’s approved limit.
- The interest chargeable shall be 13%pa
- The extra cash Commission of 10%.
- The product shall not be charged Bridging commission.
- The product shall be accessible to all savers.
- The term of the loan will be 84 months
- The loan to be fully secured by acceptable securities.
- The applicant must have exhibited good historical background on loan repayments
- The member to be in the company of guarantors who exhibit very good capital base and past good loan repayment.
- The drawing and the loan must end within the stipulated period.
- This product will only be applicable to members who desire to have additional cash on top of the existing loan balance.