Interest Rebate Loan

This loan is designed for client whose loan history with SLO has been hitch free.

Interest Rebate Loan

This loan is designed for client whose loan history with SLO has been hitch free. IRL which is given at 50% interest rate of the regular loan is opened to all clients in their 4th stage loan after a three consecutive stages of loan without fault or default.

It is given as a 4th stage loan after 3 consecutive loan stages without any history of default
It is a weekly regular loan
It also attracts week of grace
KYC/verification are the prerequisite

Basic Selection Criteria

Micro/Small business owners(women, more of advantage)
Willingness to join a group
Willingness to attend group meetings weekly
Member with good credit history on three consecutive stages
Union with credit discipline and minimum membership of twenty
Must be a registered member(s) of SLO

Benefits to Clients

Low interest rate
No Collateral
Expert financial advice available
Flexibility of repayments
Transparency, no hidden charges

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Interest Rebate Loan