Character loans are extensions of funding that are granted based on factors other than the declaration of collateral.

SECURITY / CHARACTER LOAN – 9%

Secured by:

• Vehicle and Shares of Borrowing member
• Land of borrowing member & Shares or Fixed Deposit of other member.
• Shares or Fixed Deposit of borrowing member and Land of other member.
• Stocks and Vehicle of borrowing member
• Stock & CEMCU shares of borrowing member.
• Shares of Borrowing member and Fixed Deposit of other member.
• Fixed Deposit of Borrowing member and Shares of other member.

LOAN REQUIREMENTS

Employed/Pensioner

• Two forms of valid ID
• Utility Bill (not older than 3 months)
• Evidence of Income – employed (Payslip or Job Letter – not older than 3 months)
• Evidence of Income – Pensioner (Pension Slip or bank statement)
• Supporting document for the purpose of loan

Self Employed

• Two forms of valid ID
• Utility Bill (not older than 3 months)
• Evidence of Income – (Financial Statement or Bank statement)
• Evidence of Income – Pensioner (Pension Slip or bank statement)
• Supporting document for the purpose of loan