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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.
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The new/refinancing loan repayment period is determined by the previous loan repayment period.
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Repayment of this loan should end at the same time with the loan earlier taken.
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The loan shall be granted within a member's entitlement.
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Entitlement is four times the savings/deposit less any other loans.
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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
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Refinancing Loan