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  • Prudent Loan Application

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    shemu'El Ben Yahuah
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    The document is a loan application form for Prudent Multi-Purpose Cooperative Society. It requests information such as the applicant's name, address, loan amount, guarantors, and signature. It notes that guarantors should be people well known to the applicant. It also includes fields for the applicant's monthly savings contributions in the past three months and outstanding loans. If approved, the loan terms are provided, such as 8-10% interest rates for members and 15% for non-members, with recovery periods of 12-24 months depending on the interest rate.

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    Original Title

    PRUDENT LOAN APPLICATION

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    The document is a loan application form for Prudent Multi-Purpose Cooperative Society. It requests information such as the applicant's name, address, loan amount, guarantors, and signature. It notes that guarantors should be people well known to the applicant. It also includes fields for the applicant's monthly savings contributions in the past three months and outstanding loans. If approved, the loan terms are provided, such as 8-10% interest rates for members and 15% for non-members, with recovery periods of 12-24 months depending on the interest rate.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    Prudent Loan Application

    Uploaded by

    shemu'El Ben Yahuah
    The document is a loan application form for Prudent Multi-Purpose Cooperative Society. It requests information such as the applicant's name, address, loan amount, guarantors, and signature. It notes that guarantors should be people well known to the applicant. It also includes fields for the applicant's monthly savings contributions in the past three months and outstanding loans. If approved, the loan terms are provided, such as 8-10% interest rates for members and 15% for non-members, with recovery periods of 12-24 months depending on the interest rate.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    PRUDENT MULTI-PURPOSE COOPERATIVE SOCIETY

    LOANS APPLICATION FORM


    I, _______________________________________________ of (Residential Address)
    ______________________________________________________________________
    hereby apply for loan of =N= ______________________ Amount in words
    ________________ ____________________________________________________ from
    the PRUDENT Multi-Purpose Cooperative Society and agree to repay the
    loan and interest thereon by equal monthly installments.
    Rank/Designation __________________________________
    Membership No. (i.e. file no.)__________________________
    MY GUARANTORS ARE: (IT IS DANGEROUS TO GUARANTEE PERSON(S)
    WHO IS NOT WELL KNOWN TO YOU)
    1. _______________________________________________________________________
    Rank/Designation __________________________________

    Membership No. (i.e. file no.)__________________________


    Signature/Date_____________________________________
    2. _______________________________________________________________________
    Rank/Designation __________________________________

    Membership No. (i.e. file no.)__________________________


    Signature/Date_____________________________________
    I, declare that the statements which I have made herein are made for the
    purpose of obtaining this loan and are true.
    Date_____________________20_________ (Signed) _________________________
    Membership No. (i.e. file no.)__________________________
    DEPARTMENT: ___________________________________________________________
    1. AMOUNT OF OUTSTANDING LOAN (IF ANY):
    ………………………………………………….... 2. MONTHLY CONTRIBUTION IN
    THE PRECEEDING THREE (3) MONTHS:
    N……………….. N…………………….. N……………….
    3. APPLICANTS SIGNATURE/DATE: …………………………………………………

    Note: this loan is subject to the provisions of the PPPRA Staff Multi-Purpose
    bylaws as stated hereunder
    (i) Interest rate members 8% or 10% and non-members 15%
    (ii) Period of recovery 12 months (8%) or 24 months (10%)
    (iii) Maximum loan grantable 100% above member’s savings on the day of
    approval.

    FOR OFFICE USE


    Approved by ___________________________________________________________
    Signature/Date: _______________________________________________________

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