An educational loan within the framework of a SFaC Credit Cooperative serves as a valuable financial tool to support members in pursuing their educational aspirations. Specifically tailored to meet the unique needs of cooperative members, these loans provide financial assistance for educational expenses, including tuition fees, books, and other related costs.
Loan Options
| Option | Amount | No of Months | Rate per Month |
|---|---|---|---|
| 3 Months | 5000 - 30000 1st Loan | 3 | Total of 5% or 1.6666666666667% Monthly |
| Additional Loan Amount will be granted to Member for Subsequent loan | |||
Requirements
Proof of Billing (Water, Electric or Internet Bill)
2 Valid ID
Proof of Enrollment
for Co-maker, 2 Valid ID and Proof of Billing