Loans
Loans tailored to Members’ income, with some of the most competitive rates available in the country.
Rates by term
Loan terms and applicable rates vary by loan type, amount, and member category. The applicable terms and rates are provided in the table below:
| Loans | Maximum Term | Interest Rate |
|---|---|---|
| Very Short Term Loan | Up to 12 months | 13% to 16.5% |
| Short Term | Up to 48 months | 13% to 15% |
| Medium Term | Up to 84 months | 13% to 15% |
| Long Term | Up to 180 months | 13% to 15% |
| BDF Facilities, PRICE and PASP | Up to 72 months | 13% to 15% |
| Family Loan | Up to 24 months | 13% |
| Business Loan | Up to 84 months | 15% |
Areas We Finance
- Treasury
- Consumption
- Equipment
- Residential mortgages
- Commercial mortgages
What We Consider
Your loan application is assessed based on:
- Your relationship with the society
- Your contribution to the project
- Your character, and the security or guarantees you provide
How Your Loan Is Protected
Two forms of protection help cover your loan, reducing the financial burden on your Family
Loan Protection Insurance
Covers the outstanding loan balance in case of death or disability that prevents repayment
Fire and Allied Perils Insurance
Protects property used as Mortgage Security throughout the Loan Term
Next steps
Loan products
Six loan facilities for members, plus trade finance solutions for members with eligible contracts
What to bring
The document checklist for each kind of loan, and what registering the security involves.
Estimate a repayment
Put an amount, a rate and a term in and see the monthly figure.