This facility is advanced to members who, as a result in 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 96 months.    

3. Interest rate of 14% 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.