Church Development Loan
This loan product is designed to assist the well-recognized and registered churches to obtain funds for the developmental projects.
1. Acquire a building plot, put up a church building, pastor’s residence, a set of furniture, a set of musical instruments, a vehicle for the church, etc.
2. Relatively low and competitive interest rate.
3. Quick loan processing and disbursement.
4. Flexible mode of repayment.
5. Maximum loan repayment duration of 12 months.
6. Loan repayment shall be on a daily/weekly/bi-weekly basis.
7. Security on the loan shall be 25% of the loan size on the savings account.
8. Two suitable persons shall guarantee the loan.