This loan facility is specially designed to enable registered churches acquire musical instruments and also enjoy a flexible repayment plan.
This is a partnership with KFM limited (supplier of musical instruments) to enable churches acquire musical instruments with ease and with a flexible repayment period.
10% contribution by client
Repayment period (up to 10 months)
Interest rate of 2% per month
Facility fee of 1%
Church must be registered
Letter of consent from church leadership
2 Guarantors must be provided
Provision of financial records (e.g. bank statement, cash book or income and expenditure, etc.)
Declaration of other commitments elsewhere