Just as the name suggests, this is the loan that buys you that car or builds you the family house.
The long repayment period ensures you can apply for a large amount of money but still manage the repayment with ease.
Besides, the friendly interest rate (compared to what competitors are charging for long term loans) is Tramom’s special way of rewarding loyalty.
It is repayable in 48 months from the date of disbursement.
Applicable interest rate is 1.25% p.m on reducing balance.
Maximum loan limit is a member’s deposits x 3, subject to ability to repay.
Only one Project loan can be advanced at a time.