Vision Loan 96:
This loan is specially tailored for members to finance long-term development projects and meet investment needs. The product’s longer repayment period and higher deposit multiplier makes it suitable for this purpose.
Product features:
- Repayable in 96 months
- Only one vision 96 loan can be granted at a time
- Maximum limit is a members’ deposits x 5 (subject to 1/3 salary rule)
- Recovery is done at a monthly flat rate combining principal repayment with
- Processing fee of 1% paid upfront
