- Loan type
- Type 1
- Interest
- 1% per month
- Repayment
- Up to 24 months
This is a Type 1 loan.
- It is intended for any project.
- Interest rate is 1% per month on a reducing balance.
- A member qualifies for only one normal loan at any given time.
- Repayment period is up to a maximum of 2 years (24 months).
- This loan can be refinanced to Mavuno, Premium Loan and Super Saver if repayable over more than 36 months, up to 48 months.
- A member can qualify for other Type 2 loans while still servicing this loan.