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cooperative society charter?
Experience the benefits of our comprehensive financial services
Competitive Savings
Earn attractive returns on your savings with our flexible savings plans tailored to your goals
Quick Loans
Access affordable loans with competitive service rates and flexible repayment terms
Strong Community
Join a network of professionals committed to mutual growth and financial success
Ready to Start Your Journey?
Join COOP8692 today and take the first step towards financial freedom
Become a MemberFrequently Asked Questions
Find answers to common questions about our cooperative society
Click Loan on the main menu, then click on loan Calculator to view your eligibility, then click on loan request to fill in your details and your guarantors details.
There is no fixed amount, except that savings must be 50% of the loan amount requested for.
No, it's one loan at a time.
There is no interest, but a 5% Admin charge is charged on the loan.
Four (4) Months
Savings balance must be 50% of loan requested for.The loan process is automated on the app.
Loan request is done on the app,one (1) guarantor who is a financial member with adequate savings balance.
As soon as the guarantor ratifies the loan and the minimum savings balance is achieved,the system automatically approves the loan.
Yes,there is LOAN REQUEST module under the LOAN.
Yes, but you cannot apply for a new loan immediately.
There is no penalty for early payments
Yes, it is compulsory you change your default password, using "Forgot Password" link on the login page