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Loans

We are pleased to inform you that Ditsheng Saccos offers a variety of loan options to meet your diverse financial needs. Explore the following loan types available to our valued members:

A MEMBER MAY OBTAIN TWO OR MORE LOANS RUNNING CONCURRENTLY

Ditsheng Savings and Credit Co-operative Society (SACCOS)

1

Ordinary Loan

  • Savings Requirement: Every member will be loaned according to his/her savings balance under 1:4 lending ratio).
  • Maximum Loan Amount: P300,000.00.
  • Maximum Repayment Period:  >P100,000.OO: 72 months 
    <P100,000.00: 84 months
  • Top up and loan cosolidation (based on ability to pay)
2

Quick Loan

  • Maximum Amount: P3,000.00.
  • Repayment Period: Within a month with 10% interest. A 10% penalty of the amount owed will be applied at the commencement of the second month.
  • Failure to Pay: Loan recovery from savings account after 3 months.
3

Special loan 1

  • Loan Qualification: Every member with savings more than P 500.00 qualifies for a special loan not exceeding P 15,000.00.
  • Deposit Requirement: A monthly savings deposit of P 200.00 or more shall be a prerequisite for the loan amount of up to P15,000.00.
  • Repayment Period: The repayment period shall be within 36 months.
  • Interest Rate: Interest rate shall be 1.33% per month (straight-line amortization method).
4

Special loan 2

  • Loan Qualification: Every member with savings of more than P 5,000.00 qualifies for a special loan not exceeding P30,000.00.
  • Deposit Requirement: A monthly savings deposit of P 300.00 or more shall be a prerequisite.
  • Repayment Period: The repayment period shall be within 36 months.
  • Interest Rate: Interest rate shall be 1.33% per month (straight-line amortization method).
5

Moletlo loan

  • Loan Eligibility: Members with Moletlo savings are eligible for a Moletlo loan up to P6,000.00.
  • Loan Calculation: A member’s monthly Moletlo deposit will be multiplied by 12 months and advanced to a member.
  • Deposit Adjustment: The monthly deposit can only be adjusted after a 12-month period elapses unless the loan is cleared.
  • Interest and Repayment: A member will be allowed to pay 2% interest (straight line) only, deducted from salary for a maximum period of 12 months after which the loan principle will be recovered from Moletlo savings.
6

Other loans

  • Emergency Loan

    Interest Rate: Interest rate shall be 1.33% per month
    Loan Eligibility: Up to P10,000
    Repayment period:The repayment period shall be within 12 months. 

  • Festive Loan

    Interest Rate: Interest rate shall be 1% per month
    Loan Eligibility: Up to P15,000
    Repayment period:      The repayment period shall be within 12 months.

These loan options are designed to provide you with financial flexibility and support.