products

Education
Loan

The following conditions shall apply to loans in respect of Education

  1. Interest rate .75%.

  2. Loan can be accessed at any time throughout the year.

  3. Maximum 12 months repayment period.

  4. This loan will be treated separately from existing loan balances.

  5. School fees and cost of uniforms can be included in the loan.

  6. Member must supply book list, letter from the school with the school fees, or proforma for uniforms.

  7. Loan categories: Kindergarten – up to $5,000, Primary school – up to $7,000, Secondary school – up to $10,000, Tertiary education – up to $20,000.

  8. *As with all loan products, terms and conditions are flexible based on discussion with member and their ‘need’.

  9. *This loan would be on the books throughout the year – the campaign to promote the loan could be seasonal (e.g., July/Sept, offer book vouchers, or some other ‘free’ stuff or an opportunity to win something).