FAQ Category: Loans

Can I borrow more than one loan in a month?

As per our general practice, two (2) loans should not be granted to a member within a given month. However, discretion may be granted on a case-by-case basis with respect to the nature of the request.

How do I apply for a Vehicle Loan?

A member need to have the minium share requirement. Loans may be granted for the purpose of new, used or reconditioned vehicles. The following supporting documentation must be submitted by the member when applying for a loan to purchase a vehicle: nSourced locally:n- A sign and dated Sale agreement letter from seller(s)n- Vehicle registration documentn-

What are your Loan Interest rates?

Our interest rates range from 5% to 12% based on the loan product.