PRODUCT OF THE MONTH

Own your first car or an upgrade through the SACCO. You can now purchase imported or locally purchased car

Features

1 Maximum entitlement is 4 times total deposits plus shares.

2.Repayment period of 48 months

  1. Interest rate of 1.125% (13% per month for used vehicles

4.Interest rate of 0.96% for new vehicles

  1. Financing of up to 75% for used vehicles and 90% for new vehicles respectively.
  2. log book can be used as collateral

7.Terms and conditions on self- guarantee apply

Requirements

  1. You need to be a Sacco member for six months and have met the loan eligibility criteria
  2. A duly completed loans application form
  3. Sale agreement
  4. Valuation report (not more than 3 months)
  5. Invoice.

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