
The Small Business Loan was established to foster and support the spirit of entrepreneurship among our members.
10% Share Requirement.
Up to 18 months to repay.
Flexible Repayment Cycle (weekly, fortnightly or monthly).
Affordable interest rates.
Maximum loan amount of $100,000.00 per member.
Up to three (3) members may be granted separate loans towards the same project.
This loan may be granted for any business related activity.
*Conditions Apply
Requirements For All Loan Applications
- Job Letter
- Last three (3) month’s payslips
- Financial Statements (self-employed individuals)
- Verification of purpose
- Id (Passport, Driver’s Licence or National ID)
- Taxpayer’s Registration Number (TRN)
- Credit Union passbook
You may need one or more of the following depending on the type of loan being applied for
- Valuation Report
- Motor Vehicle Title, Fitness & Registration/ C87
- Quotation of Comprehensive Insurance
- Registered Title
- Surveyor’s Id Report
- Certificate of Payment of Taxes
- Character Reference
- Credit Reference
- Guarantor(s)
Disclaimer: The terms and conditions of the products are subject to change from time to time. Please confirm the current terms and conditions with a Member Service Representative.