In an effort to give additional support to our RHAND community, we are offering a Pandemic Relief Loan Facility.
This facility offers you up to $12,000 for purposes including groceries and essential supplies; medication; unexpected emergencies; computer equipment and supplies for education purposes; bills and more; while ensuring that you put something back into your savings for well, times like these!
- $9,000 with $3,000 to be held in shares ($6,000 in hand)
- $12,000 with $4,000 to be held in shares ($8,000 in hand
- Loan Term of 24 months
- Competitive interest rate of 6%
- No payment due the month after disbursement (built in 1-month deferral)
- Separate loan
- Documents supporting loan purpose NOT required
- Guaranteed turnover of 2 days
- Normal lending conditions apply
Share withdrawals will not be entertained until the loan is repaid in full. Only members in good standing are eligible for this facility.