This facility is advanced to members who, as a result of job or income loss would like to reduce their loan repayment so as to avoid loan default;

Features:

1. Maximum loan amount; Defaulted Loan balance   

2. Maximum repayment period of 84 months    

3. Interest rate of 13% per annum on reducing balance.     

4. Completed Loan Form submitted throughout the month   

5. This loan can offset defaulted any loan under default    

6. Insurance charge of 1% of gross loan   is applicable   

7. Loan must be fully guaranteed