Effective Commencement Date

1st February 2011

Interest Rate

Repayment Period	Interest Rate for Members with length of membership 12 months or more	Interest Rate for Members with length of membership less than 12 months
Less than 12 months	5.5% flat per annum	6.5% flat per annum
12 months to 24 months	5.5% flat per annum	6.5% flat per annum
More than 24 months to 36 months	5.75% flat per annum	6.75% flat per annum
More than 36 months to 48 months	5.875% flat per annum	6.875% flat per annum
More than 48 months to 60 months	6.00% flat per annum	7.00% flat per annum

Admin Levy

Administrative levy will be imposed for each approved application of loan.

Loan Amount

Up to $20,000. Minimum amount $500/-.

Repayment Period

Up to 60 months. Minimum 6 months. The sum to be repaid will be deducted monthly from member’s salary. Two advance instalments will be deducted upfront from the loan amount.

Membership

§ Membership less than 6 months

§ No loan shall be given to the member without an accompanying letter from his/her superior.

§ The amount of loan shall not exceed 4 times of monthly salary (basic salary plus allowance) or $10,000 whichever is lesser.

§ A bigger amount of loan could be granted on a case-by-case basis subject to a 50% deduction guideline and the member’s remaining length of service with the Home Team Agencies.

§ The repayment period shall not exceed 24 months.

§ Advance subscription is payable.

§ Other terms and conditions apply.

§ Membership of other durations

ENHANCED MILLENIUM LOAN SCHEME (wef 1^st April 2010)

Months	<12 Mths	< 24 Mths	< 36 Mths	>= 36 Mths
Interest	Depends on Repayment Period (1% per annum above standard)	Depends on Repayment Period	Depends on Repayment Period	Depends on Repayment Period
Repayment Period	Up to 24 months	Up to 36 months	Up to 42 months	Up to 60 months
Loan Amount*	Up to 4 times monthly salary or $10,000 whichever is lesser	Up to 5 times monthly salary or $12,000 whichever is lesser	Up to 6 times monthly salary or $15,000 whichever is lesser	Up to 6 times monthly salary or $20,000 whichever is lesser
Admin Levy	$35 (excluding searches and issuing of cheques)			$65 (excluding searches and issuing of cheques)

* A bigger amount of loan (up to maximum of $20,000) could be granted on a case-by-case basis subject to a 50% deduction guideline and the member’s remaining length of service with the Home Team Agencies.

Please fill in the Loan Assessment Form and fax to us at 6334-8497 together with the required documents.

For more information on the scheme please contact the Co-operative at 63348055.

EASI-Loan Scheme

Special Self Insured Loan Scheme

	Hundred-Percent Loan Scheme
	Gratuities Loan Scheme
	The Millennium Loan Scheme