Our Products
We have a variety of products tailored to meet your needs
Development Loan
Purpose of this loan is to enable members expand their businesses and buy fixed assets like land, cars, houses etc.
Maximum amount is capped at four (4) times of deposits at an interest rate of 13% per annum.
Maximum repayment period is 6 years (72 months) done monthly
A member is allowed to have several Development Loans so long as the above conditions are met.
Emergency Loan
Meant to assist members to settle medical bills when hospitalized, Funerals, Accident, and any other issue that the committee will consider as an emergency.
Maximum amount of 100, 000 at an interest rate of 13% per annum.
Maximum repayment period is 1 year (12 months) done monthly
School Fees Loan
Meant to assist members to settle their school fees as well as those of their dependents.
Maximum amount of 100,000 at an interest rate of 13% per annum.
Maximum repayment period is 1 years (12 months) done monthly
Holiday Loan
Meant to assist members go for vacation to enjoy some leisure time.
Maximum amount of 30,000 at an interest rate of 13% per annum.
Maximum repayment period is 6 months done monthly
Express Loan
Meant to assist members settle small emergencies, needs or luxury
Maximum amount is 30,000 at an interest rate of 10% per month
Maximum repayment period is 3 months done monthly or at the end of the period
BEBABEBA LOAN
Meant to assist members settle small emergencies, needs or luxury
Maximum amount is 100,000 at an interest rate of 10% per month
Maximum repayment period is 1 month done on or before the 5th day of the subsequent month
Top Up Loan
Purpose of this loan is to refinance current loan balances.
Maximum amount is capped at four (4) times of deposits at an interest rate of 13% per annum.
Maximum repayment period is 6 years (72 months) done monthly
A member is allowed to have several Development Loans so long as the above conditions are met.
A negotiation fee is charged at the rate of 1% if the loan has been repaid up to 50% and 2.5% if the repayment is below 50% of the amount borrowed.
Amana Loan
This is an all-purpose loan for our Muslim members.
Maximum amount is capped at four (4) times of deposits.
Maximum repayment period is 6 years (72 months) done monthly.
This loan does not attract monthly interest rate but its charged administration cost depending on the amount and repayment period.
