Re-financing Loans

  • Given as top up loan.
  • Given to combine other loans where the applicants still in need of extra funding for a project in progress.
  • Based on repayment ability.
  • Interest rate is 1.5% per month on reducing balance.
  • Repayment period is 42 – 60 months.
  • Maximum amount given is 3 times member’s deposits.
  • One must have paid 50% of other / previous loans.