Membership & Savings
| Members monthly fee | R20 per month |
| Withdrawal of savings (without 2 months’ notice) | 10% |
Loan and Advance Qualification Criteria
| Loan payment size as percentage of salary allowed. | 25% |
| Maximum unsecured portion of a loan allowed | R 10 000.00 |
| Minimum of previous loan to be paid before new loan is allowed. | 75% |
| The percentage of savings to a loan required as collateral. | 33% |
| Minimum membership term to qualify for a loan | 3 Months |
| Minimum membership term to qualify for a travel advance | 2 Weeks |
Cost of an Advance
| Monthly Service Fee | R45.00 |
| Fund Administration Fee | 4.5% of loan amount |
Cost of a Loan
| Monthly Service Fees | R45 |
| Initiation Fee | R135 on loans less than R1000
R135 PLUS 9% of loan amount exceeding R1000 on loans greater than R1000 |
| Fund Administration Fee for loans with a period shorter than 6 months | 4.5% of reducing capital balance per month of loan term |
| Fund Administration Fee for loans exceeding a period of 6 months | Repo Rate x 2.2 +20% Annually of reducing capital balance |