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School fees Loan

This loan products are tailored to finance education needs of our members.

  • To access the product, one must have been a member for at least 3 months.’
  • Product shall be issued in adherence to the times three multiplier of deposits.
  • Interest rate is 12% straight line
  • There shall be one-off 1% appraisal fee on amount applied.
  • There shall be no discounting of interest when a member clears the loan earlier than the prescribed period.
  • Repayment period shall be 12 months or less.
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