The top-up product is structured to help a member with an active loan facility but is undergoing financial distress. Any members with a current loan; development loan, urgency loan or even asset finance can apply for a top-up loan.

Characteristics of Top-Up Loans

1. The member must have settled over 75% of the current loan facility
2. Maximum qualification of 3 times the accumulated member’s deposits
3. 1% per month on a reducing balance interest rate
4. Collaterals include logbooks, title deeds, guarantors or even members deposits
5. 14 days maximum loan processing period