Save, Borrow & Invest

Affordable financial products designed exclusively for our members.

SAVE

Building a strong foundation for your future.

Standard Savings

  • R200 Minimum Contribution P/M
  • Interest received is 4% per annum
  • Accessible at anytime
  • Withdrawal of Savings carries an R70 Fee

BORROW

Access responsible credit based on your savings track record.

Long-Term Loans

  • Requires 3 consecutive months saving history.
  • Maximum repayment period: 18 months.
  • Interest rate: 2.40% per month (28.75% p.a.).
  • *Previous loans must be 75% repaid or have 3 full on-time payments made.*

Lending Ratios & Requirements

Amount BracketRatio (Payroll)
R100 - R1,0003:1
R10,001 - R15,0002.75:1
R15,001 - R20,0002.5:1
R20,001 - R50,0002:1

Non-Payroll members ratio: 0.75:1

Documents Needed:

  • Up to R9,000: Payslip and ID
  • R1,000 - R24,000: Payslip, ID, 3 Months Bank Statement
  • Over R25,000: Payslip, ID, 3 Months Bank Statement, Proof of Address

INVEST

Lock in your funds for guaranteed higher returns.

Fixed Investment

  • R500 Minimum Saving Contribution
  • Interest received is 7% per annum
  • Binding contract of a year or more
  • Note: If withdrawn before 6 months, interest reverts to 4%