Clergy Loan

 

Light Microfinance Bank Clergy Loan Program is to assist clergy and their families in getting out from under crippling debt that can harm not only the person and family but also relationships within the church. We anticipate that by taking part in this program, clergy will discover fresh and wholesome ways to manage the resources that God has given them.

Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.

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Clergy loan

Rates

Equity contribution of 10% of the principal
Processing fee of 1% of the principal paid upfront
Interest rate of 2.5% monthly of the principal
NAIC cover/Monitoring fee of 19.8% of interest

Downloadable files

Clergy loan application form

Supporting documentation

Photocopy of Guarantor ID card
Collateral document
Undated cheques from guarantor
Joint group liability

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Analyze the potential of your business and look for opportunities for greater success.

Within 24 hours of your application, we will match you with a loan program that will help you with your financial needs.

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