Chapaa Loan
The loan is available to members who want to access loan against their deposits without any guarantor.
Loan Details
- Maximum loan amount shall be up to 85% of the free deposit.
- Maximum repayment period shall be 24 months.
- Interest shall be 1% per month on a reducing balance.
- Loan remaining unpaid for 90 days shall be recovered fully from the deposit used as security after the lapse of those days.
- The loan shall not require cash flows considerations for approval.
- The loan shall not require additional guarantor other than the borrower.
Benefits of Chapaa Loan
Affordable Loan
Maximum loan amount of up to 85% of the free deposit.
Competitive Interest Rate
Enjoy a low monthly interest rate of 1% on reducing balance, assisting you in keeping your monthly payments affordable and manageable.
Flexible Repayment Terms
We offer up to 24-month or 2 years repayment period, reducing financial stress by spreading out installments thus increasing financial flexibility.
