Product loan shall be granted on the following conditions:

• The rate of interest shall be One percent (1%) per month on reducing balance basis.
• The maximum repayment period shall be 24 months
• The maximum amount that can be granted shall be 500,000.00
• The money is payable to the supplier of the product only.
• Minimum savings to qualify for loan shall be saved for at least six months.
• In case of default to pay, a penalty of five percent (5%) per month of the amount defaulted shall apply.
• Loan processed within one month.
• The loan must be fully guaranteed.