A Monana loan is a once off facility to only members who are 35 years old and below and their monthly savings are P500.00 or more.. Giving them a peace of mind with maximum amount of P 60 000.00 for a period of 36 Months at an interest rate of 8% per annum. The loan is based on the ability to pay and is not affected by the lending ratio. The loan shall only be offered in January and February.
The minimum / take home pay after loan deductions for a member shall not be less than P 800.00