This loan is designed for salaried members having accessed big loans like normal, smart and other loan but still has intermittent financial needs and need longer repayment period.
• For BoSA salaried only, recoverable at FoSA
• Applicant must retain 1/6 of basic salary as net pay.
• Maximum repayment period is 36 months
• Interest rate is 1.25% p.m on reducing balance
• Maximum loan is 4 times the member’s deposits.