Types of Loans

Ordinary Loan


Term Used Security for Loan Membership
Type Eligibility
Amount ($) Allowable Maximum Allowable Repayment Period Interest Payable Per Annum
L1 1. Insurance 1a. Ordinary 6 x monthly gross salary + S1 + S2 $50,000 60 months 6%
  2. Guanrantors 2a. Ordinary 6 x monthly gross salary + S1 + S2 $50,000 60 months 6%
    2b. Associate 4 x monthly gross salary + S1 + S2 $25,000 48 months 6%
  3. Personal Surety 3a. Ordinary S1 + S2 - 60 months 5%
    3b. Associate S1 + S2 - 48 months 5%
    3c. Senior S1 + S2 - 60 months 5%

Purchasing Loan


Term Used Security for Loan Membership
Type Eligibility
Amount ($) Allowable Maximum Allowable Repayment Period Interest Payable Per Annum
L2 1. Insurance 1a. Ordinary 3 x monthly gross salary - 24 months 6%
  2. Guanrantors 2a. Ordinary 3 x monthly gross salary - 24 months 6%
    2b. Associate 3 x monthly gross salary - 24 months 6%

Education Loan


Term Used Security for Loan Membership
Type Eligibility
Amount ($) Allowable Maximum Allowable Repayment Period Processing Fee
L3 - 1a. Ordinary $2,000 - 12 months $50
  - 1b. Associate $2,000 - 12 months $50