1:1 Lending Ratio
This is a compulsory lending ratio and savings is used as security. Under this ratio, a member can only borrow the current savings balance that he/ she have saved.
Example: If you have K1,000.00 in your savings account, you can borrow a maximum of K1,000.00.
Requirements when applying
- Completed SL2 loan application signed by member and endorsed by employer;
- 3 recent pay slips;
- Bank statement (if first time applicant or new bank account);
- Copy of identification card (if first time applicant).
Service turnaround time for processing 1:1 application is 24 hours excluding weekends and public holidays.
Click here to download the loan application form.