Retirees Scheme

Retirees Scheme


Project Description

As you plan for retirement, it’s important to have a reliable source of financing that can support your needs and provide financial security.  Our Retirees Savings and Credit Scheme is designed to give retired members peace of mind by providing affordable interest rates, easy access to funds, and a safety net for financial security.

Features:

  • Members earn at least 10% interest on their deposits every year.
  • Retirees are exempt from monthly mandatory contributions.
  • Retirees can receive loan approval and disbursement within 24 hours.
  • Members can serve as their own guarantors for loans, as long as the loan amount is less than their accumulated deposit contributions.
  • For loan amounts that exceed a member’s deposit contributions, our collateral policy applies.
  • Loans are offered at low interest rates.
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