Sharia products

1. No interest is charged on the product.
2. One off administrative fee of 4 % of the applied amount is charged
3. The member who applies for this product is not eligible to get dividends
4. Two(2) times of member deposits
5. Repayment period of 36 months

Other Loan features include

* Members maximum loan/Product at 30 M.
* Insurance charge at 1.5% (one off).
* Mode of payment is Check off ,standing order and Mileage deductions.
* Non -check off members. Members will be advance a maximum of two and a half (2.5) of their deposits.
* Recoverable within the Parliamentary term, in particular the loan must be below or equal to the shares by the end of the term

Download Loan Application Form here.