More about the product
- The loan client has to be a member of BFS.
- The applicant must possess at least 10 shares.
- These loans are offered at 2.5% per month on reducing balance.
- First-time borrowers are encouraged to deposit at least half of the total cost of the motorcycle/vehicle.
- They are paid back in a period not exceeding 2 years.
- The purchased motorcycle/motor vehicle can still act as collateral for the loan.
- Payments can be done weekly or monthly.