Development Loan
Funding Your Goals, Fueling Your Success.
Development Loan
Features
- A member can access Two Development loans at a time
- Repayment period shall not exceed 72 months.
- Interest rate chargeable shall be 12%.
- Maximum entitlement shall be 4 times of total deposits and Shares
- Security shall comprise the guarantors and collaterals.
- Ability to pay within 2/3rd of income.
- The shares shall entitle maximum limit but will not be used to secure the loan.
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