Top UpLoans

A Top up Loan is an additional loan to an already existing normal loan

• The repayment period shall not exceed 36months..
• The loan shall be granted within a member's entitlement.
• Entitlement is 3 times the savings/deposit less any other loans.
• The interest Charged is 7.8% per month, on a reducing balance.
• The previous loan must be repaid at least 2/3 of the total loan undertaken.