Emergencies include sudden hospitalization, funeral expenses, court matters, unforeseen calamities.
The following conditions apply:-
- A member can get a facility of up to 3 times the members’ deposits.
- Repayment period shall be within 12 months.
- It attracts interest at the rate of 1% per month on the reducing balance.
- Processed within 48 hours of submitting a dully filled loan form