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:
- 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
- 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 70% of motor vehicle value
- Maximum repayment period of up to 48 months
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