Refinancing Loan

A refinancing loan can help a member replace an existing debt under different terms. The features for this loan are as follows;

1. The loan has a repayment period of 36 months.
2. To qualify for this loan, a member should have member deposits.
3. Interest rate of 1.34% per month on reducing balance.
4. A minimum of 6 guarantors is required to qualify for the loan.