This loan is to assist our members during the Christmas season in meeting their miscellaneous expenses. Our Christmas Loan becomes available from the first week in October. Calculate your installments now.
- Pay a one-off 8.5% service fee and no interest!
- Maximum amount to be loaned to any one applicant is $25,000.00. No more than one application per member will be processed during this loan period.
- Repayment of this loan is up to a maximum of 18 months, where the first payment begins 31st January of the following year the loan was taken.
- Restrictions – members who obtained a Christmas Loan in the preceding year and lapsed in payments will not be eligible.
Members would not be allowed to liquidate (from shares) this loan less than 6 months from the date of first payment.