Loans Process

Prior to applying for a loan you need to ask yourself a number of questions:

  1. How much to I need?
  2. How much can I afford to repay?
  3. What term do I want the loan for?


Some of the factors taken into account when considering a loan application:

  • The member’s income and expenses to determine the members ability to repay the loan
  • The member’s previous loan repayment record
  • The purpose of the loan
  • Frequency of loan applications
  • If you are topping up your loan, how much of the previous loan has been repaid?