How much money can be loaned?
Each loan has a one-off, or simple interest, charge of 25%. For example a $300 loan will incur an interest charge of $75; a $100 loan will be $25 worth of interest. This is the only fee associated with a loan unless the member cannot repay the loan and a transfer must be done from their savings. All loans have 26 week terms, unless a special request is approved by the manager.
