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Church Development Loan

This loan product is designed to assist the well recognised and registered    churches to obtain funds for the developmental projects.

1.    Acquire a building plot, put up church building, pastor’s residence, a set of furniture, a set of musical instruments, vehicle for the church etc.
2.    Relatively low and competitive interest rate.
3.    Quick loan processing and disbursement.
4.    Flexible mode of repayment.
5.    Maximum loan repayment duration of 12 months.
6.     Loan repayment shall be on daily / weekly / bi-weekly basis.
7.    Security on the loan shall be 25% of loan size on savings account.
8.    Two suitable persons shall guarantee the loan.