Consumer Loans

A consumer loan may also be referred to as a personal loan. Consumer loans are granted on the basis of a member’s integrity and their ability to repay. In order to apply for a consumer loan, members would require the following:

  • A Job letter
  • Two Recent Salary Slips
  • Documentation for the Loan Purpose (If Applicable)
  • Regular Share deposit amount equal to 1/3 of the total Loan value

Consumer loans attract an interest rate of 12% per annum.

 

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