Category:
Loans
A Long Term Loan is a loan that is repaid over a period of 24 Months from the date of collection of the loan. A member can collect up to double of the member’s total contributions as at date of applying for the loan. The Principal and the Interest elements of the loan are repaid together over this period of 24 months deducted through Payroll at source(HR). Long Term Loan attracts an interest rate of 10.56% per annum