- 1. Small Loans (Members Only)
Members can borrow up to 50% of their contribution balance without any security as this loan is secured against their contributions.
- 2.Short Term Loans (Members Only)
This new line of credit allows members to borrow up to 10% of their total contribution but to a maximum amount of $10,000 based on their contribution balance and ability to service the loan. Members with contribution balances exceeding $100,000 can apply up to a maximum of $15,000 only.
- 3. Education Loans (Members Only)
Members can apply to borrow a sum of $1,000 up to a maximum of $10,000 for education purposes such as payment of school fees for members including their children, text book materials and other educational materials. All cheques payable direct to Schools or suppliers.
- 4. Professional/Career Development Loan Scheme (Members Only)
Members can apply to borrow a sum of $1,000 up to $30,000 to fund postgraduate courses for members and other educational costs (e.g. text books, laptops) related to the take up of such postgraduate studies.
- 5. Vehicle Loans (Members Only)
Members can apply to borrow a minimum of $15,000 to a maximum of $50,000 to facilitate the purchase of a vehicle for personal use only. Loans to acquire vehicles for commercial use are not permitted under this loan scheme.
- 6. Land Loans (Members Only)
Members can apply for a loan (any sum) at a minimum of $30,000 for the purpose of funding the purchase of land.
- 7. Housing Loans (Members Only)
Members can borrow a sum at a minimum of $50,000 for the purpose of constructing a house or funding the purchase of a house for family use. The scheme can also allow for exceptional circumstances requiring the refinance of home loans from other financial institutions. Terms and conditions apply.
- 8. Commercial Loans (Existing Employers Only)
Businesses in the private sector may apply for a loan at a minimum amount of $50,000 but up to 60% of the total project cost. Terms and conditions apply.
- 9. Community Loans
This scheme is tailored to funding of Community Projects but is subject to security and funding requirements. Terms and conditions apply.