This type of loan is to assist members take care of their education expenses. Whether it’s the school fees of their children or tuition fee for their training and development.
For an education loan, the applicant must submit a form of identification that is relevant to the educational body (school ID, tuition fee form etc).
This loan type will be granted to members and the maximum amount accessible will not exceed 150% of their cumulative contributions.
The interest rate will be 2% per month with a maximum repayment period of six months with no moratorium