Our Various Products
About Loan Within Savings
Loan Within Savings is a type of loan where a member’s loan request amount does not exceed
his/her total Savings and Shares, ie (Loan Within a Member’s Savings).
Requirement of Loan Within Savings
- Application letter (printer/ hand written)
- An offer and acceptance letter (Letter of Notification)
- Loan amount subject to savings multiple and credit assessment
- Collateral or guarantor may be required depending on loan amount
Benefit of Loan Within Savings
With this type of loan, only 1% interest rate is charged on the total loan request as Loan
Processing Fees
Loan Forms are purchased at Gh¢10.00 cost.
Loan Within Savings attracts an annual interest rate of only 10% on the principal amount
The amount you borrow is secured by a hold placed on the equivalent amount in
your savings account.
Your held savings generally continue to earn interest during the loan
term, which can help offset the borrowing cost