Susu Loans
Borrow Against Your Susu Savings – No Collateral Needed!
WDPCCU’s Susu Loan lets you access funds quickly by using your Adom Susu Account balance as security. Get up to 3x your savings without lengthy approvals or paperwork—perfect for urgent needs while keeping your savings growing.
Key Benefits
✅ Instant Access – Receive funds in under 2 hours
✅ No Collateral – Your Susu savings serve as security
✅ Keep Saving – Continue deposits while repaying
✅ Low 10% Interest – Better than mobile loan apps
✅ Flexible Repayment – Aligns with your Susu cycle
Why Choose a Susu Loan?
🔹 No Bank Queues – Designed for market traders & informal workers
🔹 Zero Risk to Savings – Your deposits stay secure
🔹 Build Credit History – Qualify for larger loans later
Compare to Other Options:
| WDPCU Susu Loan | Mobile Loan Apps | Bank Loans | |
|---|---|---|---|
| Interest | 10% | 30-100% | 18-25% |
| Approval | 2 hours | 5 mins | 1-2 weeks |
| Collateral | None | None | Payslips/Assets |
How It Works
1. Eligibility
✔ Active Adom Susu Account (3+ months)
✔ Minimum ¢200 saved
✔ Consistent deposit history
2. Loan Terms
| Loan Amount | Up to 3x your Susu balance |
| Repayment | Automatic deductions from future Susu deposits |
| Tenure | 1–6 months (matches your Susu frequency) |
| Interest | 10% flat rate (no hidden fees) |
3. Apply Easily
🏦 Branch: Visit with your Susu ID card
🤝 Susu Collector: Apply through registered agents
Frequently Asked Questions
Q: Can I still deposit into my Susu while repaying?
A: Yes! New deposits go toward repayment first, then grow your balance.
Q: What if I can’t repay on time?
A: We’ll adjust your plan—no penalties. Your savings stay protected.
Q: Is this like “susu reversal”?
A: Better! You keep earning interest on your savings.
Q: Can group Susu accounts apply?
A: Yes! Groups can borrow up to 3x their collective balance.