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BEE (Education Loan)

Objective

Doing over a few subjects? Need to do a certificate course or two? Need to purchase a computer?

Criteria

  • Employed Members only
  • Employed for the last 12 months (1 year)
  • Child must be a member

Conditions

  • Ability to repay must be satisfied
  • 10% Share savings
  • Documented proof of enrollment/acceptance for educational program (no word of mouth)
  • 70% payable to Educational Institution or Computer Sales Business.
  • Maximum loan – $300,000
  • 24 months to repay
  • Salary Deduction or Standing Order required