These are loans for development purposes and form the major portion of loan
Take upto 3 times your savings
- The deadline for submission of Normal Loan Application forms is the 12th and 25th of every month
- Disbursement is on 15th and 30th of every month
- Repayment period is 36 months at an interest rate of 7.8% per annum on a reducing balance.
- Maximum Entitlement is 3 times the member’s savings.