In line with its purpose for establishment, that of enhancing the lives of the family of the UEDF, Hlalawati SACCO also offers loan products at low interest rates. These products include:

  1. Development loan
  2. Intermediate Loan
  3. Siphephelo Loan
  4. School Loan
  5. Short Loan
  6. Quick loan
  7. Buyekhaya (Debt Consolidation)
  8. Siyakwemukela loan

Development loan

This loan product was established to assist members acquire assets to improve quality of their lives and the lives of their families. The maximum that can be obtained on this product is three times member deposit balance with a maximum of E500 000.00.

Interest Rate:
1.35% on reducing balance method.

Maximum Repayment Period:
ninety-six months (8 years).

Intermediate Loan

The purpose of this type of loan is to boost ongoing businesses and bridge members pressing needs for funds. A member can borrow an amount not exceeding three times members deposit balance.

Interest Rate:
1.5% on reducing balance method.

Maximum Repayment Period:
Twenty-four (24) months

Siphephelo Loan

This loan product caters for personal needs such as sudden hospitalisation, funeral expenses, court fines and natural disasters. The maximum amount that can be obtained on this product is three times member deposit amount.

Interest Rate:
1.5% on reducing balance method.

Maximum Repayment Period:
Over twelve (12) months.

Quick Loan

This loan product is available to members starting from the 10th to the 18th of every month.
Maximum amount that can be borrowed is E1000.00

Interest Rate:
5.5% on reducing balance method.

Maximum Repayment Period:
is 30 days.

Short Loan

This product assist in meeting financial needs in circumstances where entitlement on the other products has been exhausted. A member can get a maximum amount of E5 000.00.

Interest Rate:
4% on the balance.

Maximum Repayment Period:
Over six (6) months.

School Loan


The loan will be granted within the 3 time’s of the member’s deposits but subject to capacity to repay loan.

Interest Rate:
1.5% per month

Maximum Repayment Period:
12 months

Siyakwemukela loan

The maximum amount that can be borrowed for Siyakwemukela is E2500.00.The maximum repayment period is 30 days.

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