Development Loan / Normal Loan
Normal/development loan is available to all active members whereby they are guaranteed 3 times the deposits held with the society but subject to ability to repay with an Interest rate of 13.5% p.a reducing balance. Security is guarantors and own deposits.
- Available to all active members
- Granted THREE times the deposits held with the society but subject to ability to repay
- Interest rate of 13.5% p.a reducing balance
- Security is guarantors and own deposits
- Should have been a member for at least 6months
- 1/3 of the payroll deductions applies
- Available within 14-30 working days
- Maximum repayment period is 48months
Please Feel Free To Contact Us. We Will Get Back To You.
Phone: 0203 980 100