This product is intended to empower members undertake development projects with long term benefits e.g. Residential & Commercial buildings, Business ventures and other investments. Best for First time borrower who are looking into paying for a longer period at manageable repayment amounts.
You need to be a Sacco member for six months and have met the loan eligibility criteria
A duly completed loans application form
Loan issued 4 times deposits plus shares
- Repayment- 60 months.
- Interest rate- 0.011% p.m. on reducing balance
- Guarantors and acceptable collaterals required.
- Disbursed within a month
- Terms and conditions on self- guarantee apply
- Maximum Loan- Ksh 30 Million.