BEE (Education Loan)
Objective
Doing over a few subjects? Need to do a certificate course or two? Need to purchase a computer?
Criteria
- Employed Members only
- Employed for the last 12 months (1 year)
- Child must be a member
Conditions
- Ability to repay must be satisfied
- 10% Share savings
- Documented proof of enrollment/acceptance for educational program (no word of mouth)
- 70% payable to Educational Institution or Computer Sales Business.
- Maximum loan – $300,000
- 24 months to repay
- Salary Deduction or Standing Order required