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Ordinary Loan

Ordinary Loans are secured firstly by share equity and then by an additional security from our list of Approved Securities. Members can apply for this loan to purchase motor vehicles. This loan can be treated as a secured personal loan facility.

A minimum deposit of 10% share equity, depending on the collateral, may be required. Loans are also available with no share equity. Interest is calcualted on the reducing balance.

Processing fees applicable.

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