If you have gone to the effort of building up savings over time, why dip into them the first time you need some money? While it may be tempting to withdraw your savings, it’s not always the right thing to do.
Some members use their savings as security (collateral) against a loan. Not only do they benefit from a lower interest rate than a regular loan, they get to keep the Life Insurance they have accrued with their savings.
- Great value rate – only 6.7% APR*
- Quick loan decision – usually within 24 hours
- High loan approval rating – over 95%
- Flexible repayment options
- Free loan protection insurance (subject to T&Cs)