Numerous Products, Receive on time, Satsisfaction guaranteed.
►This will include fees for pre-primary, primary, secondary, colleges and both local and overseas universities The total outstanding loans including school fees must not exceed three times of a member's shares and deposits
►Only one education loan may be granted in one year Education loans must be repaid within 12 months.
►Fees for college and universities may be considered as development loans in respect of repayment period alone.
► Maximum loan Kshs 80,000/=
► Payable in 1 year
► Interest rate 12% p.a of the principal amount
► Processed within 1 week
► Incase of default 10% p.a levy on the loan balance
► The gadget has to be insured by the loanee
►This will include hospitalization, funeral expenses, court fines and other unforeseen calamities but shall not include rent ,bank loans and credit cards.
►All emergencies shall have relevant documentary evidence to support them.
►Maximum repayment period is 12 months. Interest rate charged is 1% per month on reducing balance.
►Maximum loan Kshs 100,000/=
►Repayable in 1 year
► Interest rate 12% p.a of the principal amount
►Take up to three times your deposits
►Maximum repayment period is 60 months
► Interest rate is at 1% per month on reducing balance.
►Existing loan must have been repaid to atleast 1/3 of principal. The loan must be fully secured.
►Fee of 7% shall be charged on balance of existing loan.
►The new top up loan to be repaid at intrest of 1% per month on a reducing balance.
►Maximum loan is Kshs. 100,000/=
►Interest rate-10% of the total loan spread over the 3 months or 12% spread over 6 months
► Minimum loan is Kshs. 20,000/=
► Processed within 24 hours
► Incase of default 5% levy on the loan balance
► Maximum repayment period is 3months
►A 10% interest rate must be covered upfront
►Application fee is Kshs 500/=
►The maximum loan amount is Kshs 50,000/=
►Only one express loan can be given at a time
►No top up
Car loan facility enables members to purchase quality vehicles through co-ownership with the sacco:
► Security - Original Logbook
► Age Limit of vehicle is 8 years
► Valuation report, transfer or import documentation be attached
► Full comprehension insurance cover and car tracking device through Sacco is must.
►The Value for the vehicle to be considered is 50%.
►The motor vehicle must be comprehensively insured by a reputable Insurance Company acceptable to the Sacco for the period of the loan
►All the charges pertaining to the administration of the collateral shall be borne by the borrower.
►The maximum repayment period is 3 years.
We have partnership with hotpoint for home appliances and top tanks for tanks. Product loan shall be granted on the following conditions:
► The rate of interest shall be One percent (1%) per month on reducing balance basis.
► The money is payable to the supplier of the product only.
► Minimum savings to qualify for loan shall be saved for at least six months.
► In case of default to pay, a penalty of five percent (5%) per month of the amount defaulted shall apply.
► The loan must be fully guaranteed.
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