Ordinary Loan

1.00% Interest Rate

A loan designed for general purposes with flexible terms based on your share holdings. Interest rate is 1% on the reduced balance for loans within shares/policy.

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At a Glance

Interest Rate
1.00%
Loan Amount
$500 – $50,000
Repayment Term
Up to 8 yrs (36–96 months)

Rates and terms are subject to approval. Contact us for full details.

Before You Apply

Loan Requirements

Make sure you have everything ready to get your application approved quickly.

Requirements Checklist

  • Active membership
  • Shares/Policy account
  • Valid ID
  • Proof of income

Pro Tip: Having all documents ready before you visit speeds up your approval significantly. Contact us if you need help gathering any of these.

Why Choose This Loan

Key Features

Designed with your financial wellbeing in mind

  • Interest rate: 1% on reduced balance (within shares/policy)

  • Interest rate: 1.25% on reduced balance (policy waivers)

  • Loan amount based on share holdings (see loaning schedule)

  • Repayment periods from 3 to 8 years depending on loan amount

  • Loans exceeding $150,000 require Credit Committee review