Rubber Power Loan
RPL
- Category: LOANS
- Interest: 2% per month
- Interest Type: FLAT
- Total Interest: 24% per annum
Detailed information of the product
This type of loan shall be granted to members who are rubber farmers and have finished servicing their project loans.
The member must have accessed LTL or LTL 1 (at least twice) with ROAACCU and fully paid all within the stipulated loan duration.
Applicant shall provide guarantors who are also members of ROAACCU.
The maximum loan shall be four (4) times of the members savings balance.
Interest rate on the loan shall be 1.75% per month on flat rate model.