FAST TRACK LOAN
FTL
- Category: LOANS
- Interest: 5% per month
- Interest Type: FLAT
- Total Interest: 15% for 3 months
Detailed information of the product
This type of loan shall be granted only to members whose salaries are routed through ROAACCU and it does not depend on members savings balance.
Applicant shall provide guarantor or letter of undertaking from the Employer.
The maximum loan shall be GH¢ 3,000.00 taking into consideration the net salary of the member.
The loan repayment shall not exceed 3 calendar months.
Interest rate on the loan shall be 4% per month on reducing balance method.