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Collateral Based Loan Products

Collateral Based Loan Products

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.

Our Collateral Based Loan Products Include:
  1. Secured by a clean title deed for properties and land in urban and rural municipalities; with no encumbrances
  2. The Title must be charged to the society for the loan to be granted,
  3. The loan granted up to 90% of the market value of the land/property
  4. Maximum repayment period is 72 months with 15% per annum interest rate
  1. Loan is secured by private motor vehicle log book with comprehensive insurance
  2. The motor vehicle should NOT be more than 10 years old from the date of manufacture
  3. Loan granted is up to 50% of motor vehicle value
  4. Maximum repayment period of up to 36 months with 15% per annum interest
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