Development Loan

1. Interest rate of 1% per month on reducing balance
2. 48 months maximum loan repayment period
3. Loan given to a maximum of three times the members deposits subject to the prevailing maximum.

Other Loan features include

* Members maximum loan/Product at 30 M.
* Insurance charge at 1.5% (one off).
* Mode of payment is Check off ,pre-authorised direct debit and Mileage deductions.
* Recoverable within the Parliamentary term, in particular the loan must be below or equal to the shares by the end of the term

Download Loan Application Form here.