Features

• Qualifying amount is three times of a member’s deposits.
• The loan can be used to acquire both movable and immovable assets.
• Maximum repayment period of up to 60 months.
• Interest rate is at a 1.125% pm reducing amortization method.
• Security: Title deed and logbook.
• Financing available up to 70% of the Market value of private motor vehicles.
• The motor vehicle should not be more than 8 years of age from the date of manufacture.
• Financing available up to 80% of the Mortgage value of Commercial land.
• Financing available up to 70% of the Mortgage value of Agricultural land.
• Auxiliary costs (e.g., Valuation fees, land charging fees, car tracking, comprehensive Insurance & etc.) will be borne by the member.