This is a special product tailored to satisfy members need for extra financing after taking up a Normal loan and there is still need for more project funds.
- Maximum entitlement is 4 times total deposits plus shares
- Repayment period of 48 months
- Interest rate 1% (12%) per month on a reducing balance.
- A commission of 5% on all outstanding loans is charged.
- Guarantors and acceptable collaterals required.
- Disbursed within a month
- 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