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Group and cooperative loan

Explore credit for an eligible organised group or cooperative with clearly defined borrowers, authority and repayment responsibility.

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Group and cooperative loan

Explore credit for an eligible organised group or cooperative with clearly defined borrowers, authority and repayment responsibility.

Interest, period and basis
Not specified in this catalogue. No rate or amount is assumed to be zero.

Continue to an application form for this product. Receipt is confirmed only after the receiving service accepts your submitted request. A received request does not admit membership, open an account or approve a loan.

Understand this category

An eligible group or cooperative may apply for finance for an agreed activity. Before applying, establish who borrows, who is responsible for repayment and what each member or guarantor is committing to. The institution will assess the activity, governance, income and required security. A collective application is not automatic approval. Every person taking on responsibility should understand the terms, including what happens if another participant does not pay.

Who it may suit

Eligible organised groups or cooperatives, with accepted governance, authority and repayment evidence.

Practical uses

Collective enterprise, approved production investment or coordinated business needs; individual consumption is not presumed covered.

How to proceed

Agree the borrowing mandate; identify responsible borrowers and signatories; prepare the plan; lender assessment; disclosed decision and acceptance; disbursement; group reporting and repayment.

What to prepare

Group/entity evidence; resolution; member/signatory identities as needed; business cash flow; authority and guarantee documents; accepted security.

Questions and answers

Does everyone guarantee the loan?

Only the approved agreement can establish that; disclose each person’s liability and consent.

Can group savings repay it automatically?

Not without the lawful, specifically disclosed authority and allocation rules.

Catalogue cost disclosure

This catalogue does not state a complete charge schedule. An empty list does not mean there are no charges.

The catalogue does not specify taxes applicable to charges.

The catalogue does not specify a calculation method or total repayment amount. It does not provide a loan offer.

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