Interest only loans for 3 years. Monthly principal and interest instalments are also available. Loan repayments can be structured to individual needs. Construction finance is available. Loan funds progressively drawn in line with stage of construction.
Interest is calculated daily and charged monthly in arrears.
A variable interest rate is applicable, however fixed rate lending is available, upon request. Margins may apply to some finance applications. This is at the discretion of the Board of Directors. An Early Prepayment Penalty will apply to all fixed interest rate facilities. All Finance applications are considered and assessed by the Board of Directors each Wednesday.