Education loan shall be granted on the following conditions:

• The rate of interest shall be One percent (1%) per month on reducing balance basis.
• Maximum repayment period will be 12 Months.
• The maximum amount that can be granted will not exceed 200,000.00
• 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
• A member must attach supporting documents such as fees structure.
• The loan must be fully guaranteed.