A salary loan within a SFaC Credit Cooperative framework provides a valuable financial resource for members facing short-term financial needs or unexpected expenses. This specialized loan is designed to assist cooperative members in meeting personal financial obligations.
Loan Options
| Option | Amount | No of Months | Rate per Month |
|---|---|---|---|
| Monthly Payment | 5000 - 150000 1st Loan | 24 | Total of 36% or 1.5% Monthly |
| Additional Loan Amount will be granted to Member for Subsequent loan | |||
Requirements
Proof of Billing (Water, Electric or Internet Bill)
2 Month's payslip or Certificate of Employement indicating work status and monthly rate
2 Valid ID
for Co-maker, 2 Valid ID and Proof of Billing