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Premium Loan

PREMIUM LOAN

Do you have a fixed deposit or treasury bill (unencumbered) with the cooperative? You can access 75% of your investment as loan [content_control role=”administrator, cooperators”] at 22% interest[/content_control]. Maximum period of repayment is 12 months. Repayment can be monthly or bullet repayment of principal and interest upon maturity of the investment. Security:

  1. Domiciliation of investment.
  2. Executed standing order.
  3. Letter of Set off.