Flexible Loan Repayment Options: Bi-Weekly & Bi-Monthly

To enhance borrower flexibility and improve financial planning, we have introduced Bi-Weekly and Bi-Monthly repayment options under our Credit Product Policy. These new tenure options allow borrowers to choose a repayment schedule that aligns with their cash flow and financial commitments.

New Repayment Options

✅ Bi-Weekly – Loan installments will be due every 2 weeks from the loan disbursement date.
✅ Bi-Monthly – Loan installments will be due every 2 months from the loan disbursement date.

Steps on how to set the Bi weekly and Bi monthly tenure periods in the Credit Product Policy

1. Click on Settings on the left-hand side.
2. Select Policies under Settings.
2. At the top, click on Credit Product Policy, then edit the Credit Product Policy as shown below.

3. Scroll down to Terms, and under Terms, select your preferred tenure period either Bi-Weeks or Bi-Months as shown below.

Following the above steps, ensure that the policy is approved. Once approved, the members will be able to apply the loan, adding tenure as either biweeks or bimonths.

Key Benefits

✔ Greater flexibility: Borrowers can choose a repayment schedule that suits their financial situation.
✔ Easier cash flow management: Aligns with income cycles, making repayments more manageable.
✔ Improved loan accessibility: Encourages responsible borrowing by offering structured repayment options.