Long-Term Loans Special
LTL-1
- Category: LOANS
- Interest: 1.85 per month
- Interest Type: FLAT
- Total Interest: 22.2% per annum
Detailed information of the product
Long Term Loans Special shall be provided within the limits of the total savings of the member at the time of applying for the loan.
i. The loan interest rate shall be 1.67% per month on flat rate model.
ii. The maximum loan shall not be more than three (3) times members savings.
iii. The loan shall be secured with another Members savings as guarantee or collateral.
iv. The member must have accessed the LTL at least once.