Loan application

Please fill out the form below to apply for a loan. Ensure all required fields are completed accurately.

Read carefully the rules before completing the form

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Rules for loaning

Total loans granted by the Society to a member shall be based on affordability check.

A loan applicant must have completed six (6) calendar months in membership will be liable for a 10% deposit equal to the applied loan.

No member may be issued with a loan to suffer total deduction that will cause the net salary to fall below one third of the basic salary.

The maximum repayment period for all loans will be as laid down in the By-Laws and Rules of the Society.

A loan application form must be accompanied by the most recent pay-slip or member statement for non-salaried members

When a member is issued with a loan, contributions will be prorating to the loan, which will be adjusted by Management from time to time

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Bank branch
Employer's name
Terms of service
Select where applicable
Amount in words and figures
Number of months
Loan type
Branch where you are applying the loan
AUTHORITY FOR DEDUCTION FROM MY SALARY

I hereby declare that the foregoing particulars are true to the best of my knowledge and belief and agree to abide by the By-Laws of the Society, the loan policy and any variations by the Credit Committee in respect of Section B above.

I hereby authorize my employer to deduct from my salary the amount of the loan granted plus interest monthly according to the repayment terms by which the loan is granted.