Interest Rates
| Type of Product | Interest charged to Borrower (%) |
|---|---|
|
GOS Covid Facility |
4 % |
|
Agriculture Value Chain |
8 % |
|
Inclusive Development Facility for Women & Youth |
8 % |
|
Normal Lending |
8 % |
|
GOS 5M Facility |
3 % |
Charges and Loan Fees
| Type of Fees | Rates charged to Borrower (%) |
|---|---|
|
Application Fees for | Small | Medium | Large |
Small $50 | Medium $100 | Large $200 |
|
Approval Fee |
1.5% of loan amount approved |
|
Stamp Fee |
$50 for the Loan Agreement Form | $50 for each Loan Guarantor Form |
|
Maintenance Fee |
Charged to account at end of the month starting from $5 per month to $15 based on loan balances ranging from $10,000 to $150,000 |
|
Arrears Variation |
$50 for arrears up to $5000 or 1% of arrears waived is more than $5000 |