Loans to Private Corporations
Objectives: To grant loans to member-cooperatives of the Bank
- Target Market: Member-Cooperatives
- Features of the Loan Product:
- Interest Rate: 10%-19% p.a.
- No Service Charge
- Maximum Amount: 80% of Book Value of the investment of the cooperative; any excess shall require additional security (REM or CM)
- Term: Maximum of 720 days
- Mode of Payment: Monthly or Quarterly, depending on the paying capacity of the cooperative.
“As part of brief interaction, have noticed a very high professionalism on GBNO's part! They are very prompt and have managed to keep their word as part of process”
