Funeral Loan
NKABOM CCU
Funeral Loan
As a community base co-operative we seek to provide financial relief to members as well as community folks in times of bereavement. One of these urgent needs is in times of bereavement. We fund the funeral to make you hassle free in such unpleasant moment.
- i. There is no cash collateral for funeral loan
- ii. Loan is granted within 72 hours (3 days) of application
WHY US
Why Choose Us
i. Joint applicants must complete an application form at a prescribe fee
ii. Qualified applicants are Abusuapanin, Chief Mourner, surviving spouse, and/or elderly child / sibling
iii. Applicants must show evidence of death
iv. The principal and the interest are recoverable on the first Monday/Accountability day after the funeral right is performed.
v. Applicant provides 2 members of the co-operative as guarantors
vi. Applicant must provide a landed property with a supporting document (title document and statutory declaration) as collateral which value is more than twice the loan applying for.
vii. Approval of Funeral loan is subject to the approval of the Loan Committee
Subscribe us to Recieve Latest Updates
We boast of over 1000 memberships within a three month space of operation and the growth rate keeps counting.