Encourage and create savings habits of customers, helping to reduce risks in the lives of laborers
0.25% per week or 1% monthly on loan
CEP disburses customers' compulsory savings at its branches, transaction offices, and transaction points.
Encourage and create savings habits of customers, helping to reduce risks in the lives of laborers
The compulsory savings amount shall be calculated as a fixed percentage of the loan amount, as follows: a) For Worker customers, Worker Housing Customers, and Trade Union Group Customers, the branch/transaction office may, at its discretion and based on actual operating conditions, decide whether compulsory savings will be applied. Where compulsory savings are applied, the required savings contribution shall be 0.25% per week for loans with weekly repayments, or 1% per month for loans with monthly repayments. b) For Poor laborers customers, the compulsory savings contribution shall be 0.25% per week for loans with weekly repayments, or 1% per month for loans with monthly repayments, except for credit products that are specifically exempt from compulsory savings requirements.
According to the current interest rate table
Customers receive all savings when paying off the loan settlement. For poor labours who need to continue with a new loan, customers can get back maximum 50% of savings balance up to the time of settlement of the previous loan.
Interest repayment
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Total amount (Principal and interest)
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Note
The calculation is for saving interest rate estimation. Please contact the nearby branch to learn more.
Encourage and create chances for customers to easily practice savings to use for specific purposes in the future.
