Financing
To qualify for a loan, one must be a member and a shareholder of Orapa SACCOS. Choose from our three types of loans below.
The process explained.
How it Works
How does one get financing?
As a virtue of being a member of the society, Orapa SACCOS offers credit to its members upon completion of their 6 months waiting period and full payment of the joining fee and shares totaling P2100. All loans shall be paid through deductions from the member’s salary and shall not exceed 60% of the member’s basic salary, EXCEPT for the Quick loan. A member may opt to clear his/her loan at any time by using cash or offsetting the balance against his/her accumulated savings.
Need Financing ?
Our Loan Products
We have a variety of Loans at lowest interest rates.
Quick Loan
Quick loans range from P500.00 to P5000.00, payable once off at a competitive interest rate. They are credited into a client’s account within 24 hours of application.
Short Term Loan
Members can get loans up to P30 000.00 at a competitive interest rate for emergencies. Short Term Loans are not attached to a members savings.
Long Term Loan
A member can get a loan with us of up to P300 000.00 . The amount one qualifies for is determined by their savings balance at the time of application. Loan top up is allowed after 12 months.
Products of the Moment
Nkgodisa Savings Plan
Prepare for your child’s future with the Nkgodisa Savings Plan. This plan allows you to save from a minimum of P50.00 per month with interest on savings per annum. Register your child today.
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Did you know, you can now make adjustments to your deductions on our website? Click the button below to get started.
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