FARMERS QUICK LOAN
FQL
- Category: LOANS
- Interest: 8% per month
- Interest Type: FLAT
- Total Interest: 24% for 3 month
Detailed information of the product
This type of loan shall be granted only to members who are rubber outgrowers and it does not depend on members savings balance.
Applicant shall provide guarantors who are also members of ROAACCU.
The maximum loan shall be GH¢ 3,000.00 taking into consideration the production pattern of the member.
The loan repayment shall not exceed 3 calendar months.
Interest rate on the loan shall be 6% per month on reducing balance method.
The member must produce a current voucher from GREL or Narubiz Ltd. where applicable.