After repaying any loan(s) for some time, a member may decide to clear an outstanding loan(s) at once, before the scheduled repayment period in order to allow the member to qualify for additional or more loan amount. The following conditions must be fulfilled:
- Clearance by self; one month interest chargeable.
- Clearance by a bank; 4% interest chargeable except Super Loan which is charged10% interest.
- Clearance by Fundilima SACCO through offset from the newly acquired loans is charged 10% interest.
The interest shall be paid either in cash or through offset from the newly acquired loan(s).