Collateral is an additional form of security which can be used to assure a lender that you have a second source of loan repayment. Assets such as equipment, buildings, accounts receivable, and (in some cases) inventory are considered possible sources of repayment.
This facility includes the following loans:
Supa Loan
Secured by a clean title deed for properties and land in urban and rural municipalities; with no encumbrances
The Title must be charged to the society for the loan to be granted,
The loan granted up to 90% of the market value of the land/property
Maximum repayment period is 84 months
Car Loan
Loan is secured by private motor vehicle log book with comprehensive insurance
The motor vehicle should NOT be more than 10 years old from the date of manufacture
Loan granted is up to 100% of motor vehicle value
Maximum repayment period of up to 48 months
