This comprises of Car loan, Emergency Loan, and other types of Loan...

The society offers to its members the following classes of loans:

a.    Normal loan: This is a regular loan offer by the society to its members. Members are entitled to 200% of their balance savings with the society for a maximum of 24 months tenor at least interest rate of 5% for 6months tenor, 8% for 12months tenor, 10% for 18months tenor and 12% for 24months tenor. { You may click here for the normal loan application form}

b.   Emergency loan: The members of the society are entitled to 100% of their Net pay in addition to their normal loan. The processing time for this is 24hrs after submission. Repayment period for this type of loan is 4 months (Maximum Tenor) with 15% flat interest rate. The emergency loan enables members to quickly settle immediate financial obligations such as payment of children school fees and other urgent needs. {Click here for the emergency loan application form}

c.    Home Ownership/Mortgage Scheme: The society offers its member the opportunity to own their personal landed property through its home ownership scheme and Mortgage facility. The scheme also offers services on land acquisition, housing construction and management for its members in desire of such. The home ownership scheme/mortgage facility is service oriented providing funding and, development alternatives and implementation strategies.

 The Funding Option attracts a maximum interest rate of 27% at a reducing rate with a repayment period not exceeding 60months. The beneficiary of this scheme is expected to have with the society a saving balance of 30% of the actual cost of construction.