Schedule 2
Table 1
Determining the base rate for loans
| Length of loan | Base rate per annum |
|---|---|
| One month | 4.3% |
| Three months | 4.3% |
| Six months | 4.3% |
| One year | 4.3% |
| Two years | 4.3% |
| Five years | 3.8% |
| Ten years | 3.4% |
| 25 years | 3.1% |
Table 2
Determining the mark up rate for loans
| Level of creditworthiness | Loss in the event of default | Mark up rate per annum |
|---|---|---|
| Strong | None | 1% |
| Good | None | 1% |
| Satisfactory | Not more than 30% | 1% |
| Satisfactory | More than 30% and not more than 60% | 2.2% |
| Satisfactory | More than 60% (or not known) | 3.4% |