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Stabiliser Loan


Stabiliser loans shall be granted for the purpose of the debt consolidation of all short term loans with the society to a maximum borrowing amount as determined by the Board from time to time.

This loan is granted to meet the needs of members for various purposes, which include:

  • Medical Expenses
  • Vacation Travel
  • Debt Consolidation
  • Vehicle Repairs
  • Insurance Financing
  • Investment
  • Household Expenses
  • Personal Expenses
  • Ceremonial Expenses
  • Home Improvement / Construction 


Normal Lending Criteria :

  • Two Form of Valid (ID, DP, PP & Electronic Birth Paper)
  • Proof of Address for Individuals (UTC Statement, Bank Statement or Utility Bill )
  • Proof of Address for Self Employed ( Utility Bill from the place of business)
  • Proof of Income for Individuals  (Payslip or Job Letter, no more than 2 months)-
  • Proof of Income for Self Employed (Business registration, 3 years Management Accounts, Last tax return filed)
  • Must be 18 years and over  with consistent savings for a minimum of 3 months
  • DSR  50% (Maximum or as directed by the Board of Directors )
  • Security (Shares invested in the Credit Union