Instant Loan

 

The loan is advanced to Sacco member who are borrowing amount kshs 300,000 or less and is processed instantly

 

LOAN FEATURES

 

  • Maximum loan advanced is 300,000 subject to 3.5 times member deposit.

  • Interest rate is 1% per month on reducing balance

  • Loan attract appraisal fee of 1%

  • Loan facilitation fee 1%

  • affidavit of kshs200 and CRB referencing of kshs 200

  • Maximum repayment period is 48 months

  • Loan should be fully secured by guarantors deposit and other securities as may be defined by board of directors

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