This loan is for those members that wish to embark on upgrading their educational status. Requirements include having an acceptance letter from the educational institution and proof of purpose for the loan (such as in the purchase of books etc).

Features  &  Benefits

1. Available for primary, secondary and tertiary education
2. Purposes include coverage of tuition fees, books, external examination fees etc.
3. A low interest rate is applied for members saving consistently for at least one year
4. Funds are available from a revolving pool of funds.
5. Maximum loan amount of $150,000.00

Please Note: The details of this loan are subject to change without prior notice.

Requirements For Loan Application

• Job Letter
• Last three (3) month’s payslips
• Financial Statements (self-employed individuals)
• Verification of purpose
• Id (Passport, Driver’s Licence or National ID)
• Taxpayer’s Registration Number (TRN)
• Credit Union passbook

You may need one or more of the following depending on the type of loan being applied for.

• Valuation Report
• Motor Vehicle Title, Fitness&Registration/ C87
• Quotation of Comprehensive Insurance
• Registered Title
• Surveyor’s Id Report
• Certificate of Payment of Taxes
• Character Reference
• Credit Reference
• Guarantor(s)