How the borrowing limit is calculated

Steps

1. Open the member’s profile, or start a new application and select the member.
2. Look at Counts toward borrowing: only deposits in products that count toward borrowing are included.
3. Multiply by the product’s multiplier (or your society’s default, e.g. 3.00).
4. Subtract loans already drawn and guarantees the member has given. The product card shows “Your ceiling” and “already drawn”.

What happens next

For example, ₦412,000.00 of qualifying deposits at 3.00 gives a ceiling of ₦1,236,000.00. Target savings don’t count, so a member’s limit can be lower than their total savings suggests.