Home Refinance Loan
Loan Refinance

A Refinance Loan is an additional loan to an already existing normal loan

 

This Loan is issued where a member is unable to finalize a project with the loan earlier taken, and needs a top up to finish his/her project.

 

  1. The new/refinancing loan repayment period is determined by the previous loan repayment period.

  2. Repayment of this loan should end at the same time with the loan earlier taken.

  3. The loan shall be granted within a member's entitlement.

  4. Entitlement is four times the  savings/deposit less any other loans.

  5. The interest Charged is 1% per month, on a reducing balance

 

CLICK HERE to see the the New Loan application Requirements
CLICK HERE to download the Loan Application form