Own your first car or an upgrade through the SACCO. You can now purchase imported or locally purchased car
- Maximum entitlement is 4 times total deposits plus shares.
- Repayment period of 48 months
- Interest rate of 1.125% (13% per month for used vehicles
- Interest rate of 0.96% for new vehicles
- Financing of up to 75% for used vehicles and 90% for new vehicles respectively.
- Log book can be used as collateral
- Terms and conditions on self- guarantee apply
- You need to be a Sacco member for six months and have met the loan eligibility criteria
- A duly completed loans application form
- Sale agreement
- Valuation report (not more than 3 months)