Short term loan granted to employee whose salary is processed in centenary FOSA account .

 

LOAN FEATURES

 

  • Maximum loan granted is 2/3 of net pay in the FOSA account times 9 subject to 2/3 rule of total deduction

  • Maximum repayment period is 12 month

  • Loan interest rate at 14% deducted upfront

  • Affidavit fee of 200

  • Crb referencing kshs 200

  • Loan guaranteed by employees who are member of the Sacco and salary processed through the Sacco

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