1) Normal Loan – Type 1.

Repayable in 36 months with an interest rate of 12% per annum (i.e.  1% per month) on a reducing balance method.

2) Normal Loan – Type 2.

Repayable in 48 months and attracts an interest rate of 14.4% per annum (i.e. 1.2%per month) on a reducing balance method.

3) Normal Loan – Type 3

Repayable in 60 months and attracts an interest rate of 18% per annum (i.e. 1.5%per month) on a reducing balance method.

Note: A member can only be granted one normal loan at a time either the one for 36 months, 48months, 60 months