X

About Us

Thuto Savings and Credit Cooperative Society is a Cooperative Financial Institution that is owned and controlled by members. The organisation is regulated by the department of cooperatives under the ministry of Trade and Entrepreneurship.

Contact Info

#

Matshelonyana Loan

  • Home
  • -->
  • Services
  • -->
  • Loans
  • -->
  • Matshelonyana Loan

MATSHELONYANA LOANS

Matshelonyana loans shall be limited to a maximum of P400,000.00 (Four Hundred Thousand Pula only).

  • A member shall qualify for 4 times their retirement savings at ratio of (1:4).

  • Interest rate is 1% per month using amortization method.

  • Maximum repayment period is 7 years (84 months).

  • Top-up is done after 12 months of servicing the loan.

  • A member shall be charged 5% on the balance for early clearance for not giving 3 months notice.

  • Monthly administration fee of P10.00.

  • Qualification is based on ability to pay.

LOAN INSURANCE

Term of Loan Life and Permanent Disability Cover
Up to 1 year (12 months) 0.84%
Up to 2 years (24 months) 1.60%
Up to 3 years (36 months) 2.37%
Up to 4 years (48 months) 3.10%
Up to 5 years (60 months) 3.85%
Up to 6 years (72 months) 4.78%
Up to 7 years (84 months) 5.49%
NOTE: THE LOAN INSURANCE IS A ONCE OFF PAYMENT.
#

Loan Calculator

Matshelonyana Loan


All Loans