Normal Loan

Purpose

Projects (acquisition of land/building plot etc)

Interest Rate

1.5%

Mode of Application

Physical form

Limits

X 3

R. Period (Months)

60

Other Features

  • Guarantee: Standing order loans: – 6 guarantors Tnt members. |Check-off loans: 4 guarantors. Secondary school teachers employed by TSC: – Check-off- 6 guarantors employed by TSC and contribution of 10% of the amount approved one off towards share deposits.
  • Form fee 105
  • Moratorium interest 2.5% of approved amount
  • Prepayment interest if any 15%