This is a loan payable within 12 months installments at an interest rate of 15% per annum or 1.25% per month on reducing balance. This loan is meant to cater for emergency cases or unforeseen circumstances such as court fines, hospital bills, funeral/burial, sudden sickness or any other case considered as emergency loan in the society’s by-laws. This type of loan must be supported by relevant documents. A member must present a current payslip and supporting documents. Interest rate is charged at 15% per annum or 1.25% per month on reducing balances. Repayment period is within 12 calendar months.