Mandatory_Savings
Welcome to the Hustler Fund Mandatory Savings Product
At Hustler Fund, every time you take a loan, you’re not just borrowing—you’re building your future too! That’s because a small part of your loan automatically goes into Mandatory Savings, helping you grow your money while still getting the cash you need.
It’s super simple: You receive 95% of your loan in cash, and 5% is set aside as savings. This ensures that while you take care of your needs today, you’re also securing a better financial future.
- If You Take a Personal Loan or Bridging Loan
- Your 5% savings is split into two parts:
- 70% goes into Long-Term Savings
- Think of this as your future fund! You can withdraw it when you turn 60.
- If you need it earlier, you can take out 30% every 5 years.
- 30% goes into Short-Term Savings
- This is your quick cash savings. You can withdraw it anytime, as long as you don’t have an active loan.
- So, every time you borrow, you’re not just taking a loan—you’re growing your savings too.
2. If You Take a Group Loan
- For Group Loan borrowers, the entire 5% savings goes into the group’s savings account.
- Group Savings Account (100% of the 5%)
- This is like a backup fund for the group.
- The savings can be withdrawn anytime, but only if no group member has an unpaid loan.
- You save automatically with every loan.
- Even small amounts add up, helping you build a solid financial cushion.
- Your savings earn interest at 3% below the Treasury bond rate, making it a smart way to grow your money.
- It promotes responsible borrowing – It ensures that even as you take loans, you’re also planning for the future.
- For Personal Loan & Bridging Loan Borrowers:
- Short-Term Savings? Withdraw anytime (as long as you don’t have a loan to repay).
- Long-Term Savings? Wait until you’re 60, or take 30% every 5 years before then.
2. For Group Loan Borrowers:
- The group can withdraw savings anytime, but only if no one in the group has an outstanding loan.
You Borrow, You Save. With Hustler Fund Mandatory Savings, you’re getting the best of both worlds—instant cash and built-in savings for the future. So, the next time you take a loan, remember—you’re also investing in yourself!
