This facility is available for members who have opened a school savings account, minimum savings of E120.00. The loan offered shall be for an amount not exceeding E30 000.00 or 4 times savings accumulated by member. The Maximum repayment period shall not exceed 12 months, interest shall be 1.3% per month on a reducing balance.
Loan offered at two times the member’s savings not exceeding E300 000.00. Repayment period is up to 84 months, interest on loan shall be 1.5% per month reducing balance method. Members are expected to be saving a minimum of E250.00 whilst repaying the loan.
This is to provide members with access to purchase a new or second hand car. The loan application shall not exceed three times the members car saving. Interest on loan shall be 1.5% per month on a reducing balance.
Member must have contributed at least six months membership and contributing fully in share-holding. The loan offered shall not exceed E15 000.00 and shall be repaid for a period not exceeding 12 months. Interest shall be 1.75% per month on a reducing balance.
Member must have contributed atleast six months membership and must have shares paid in full. The loan offered shall not exceed E5000.00 and shall be repaid for a period not exceeding 2 months. Interest shall be 1.75% per month on a reducing balance.
Member must have contributed for atlleast six months and must have shares paid in full. The loan offered shall not exceed E5000.00 and shall be repaid for a period not exceeding 6 months. Interest shall be 3.5% per month on a compound interest.
Maximum loan granted is E3000.00. Maximum loan repayment period is 36 months. Interest for this loan shall be 5% at reducing balance.
Ezulwini, Eswatini, P O BOX 4629
siyakhula@realnet.co.sz
+268-24161457
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