Scheme features & terms
Financing on the security of members' fixed/term deposits can be sanctioned up to a maximum of 90% of the deposit.
The period of assistance shall not exceed the maturity period of the deposit.
The member surrenders the original deposit receipt (on which the assistance is noted) and executes an agreement with the application. An acknowledgement for the receipt is given.
The purpose of the assistance is not strictly insisted upon.
On repayment before maturity, the deposit receipt is returned after noting the release.
If not repaid before maturity, only the balance after adjusting the outstanding assistance is paid to the depositor.