Refinancing Loan

Refinance an existing loan balance under revised terms.

• Up to three (3) times one's deposits.
• Interest is charged at 1.15% per month on reducing balance.
• Refinancing fee is charged at 5% of the balance.
• 2/3 of the existing loan must have been paid.
• Approval by the HRM.
• Processed F.I.F.O.