School Fees Loans
This product is for the purpose of paying School fees ONLY.
i. The member MUST attach fees structure(s) on the application form.
ii. School fees loans are repaid within a period of twelve (12) months.
iii. Interest shall be charged on the loan at a rate of one percent (1%) per month on a reducing balance.
iv. The upper limit is determined by the member’s ability to repay.
v. Loan application must be supported by the member’s latest two (2) pay slips.
vi. The loan must be fully secured by at least three (3) guarantors,
vii. Processing fee of one percent (1%) shall be charged on the loan disbursed.