Business loans
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Loans for your business
Business members can borrow against their savings like any member, and can also use a Purchase-Order Loan to fulfil large orders.
Purchase-Order Loan
For businesses that receive orders to supply goods but lack the funds to buy the stock. PSCCS buys the stock from your chosen suppliers on your behalf.
How it works →Savings-based loan terms
These figures are read live from the cooperative’s current loan settings.
- Interest
- 5% per month on the outstanding balance
- How much you can borrow
- Up to 3× your total savings
- Repayment period
- Up to 36 months
- Monthly fees
- Service fee M20 + bank charge M16.25
- Loan insurance
- 1.36% of the loan amount plus M110 flat, charged once
- Signing your contract
- Sign within 30 days of approval
Ready to start saving with PSCCS?
Contact the office to join, or sign in if you are already a member.