Housing/Rent Loan, as a type of facility, is a loan that a member applies for in order to rent an apartment or for renewal purposes, in addition for the purchase of building materials for construction.
Amount obtainable in this case will be depending on the total package of the rent.
The tenor is to be from 5 months to a maximum of 12 months and repayment is monthly subject to a moratorium of 30 days. Interest is charged on a reducing balance basis.
