Home Appliance Loan

 

Product Description

This is a loan granted towards the purchase of household appliances such as water tanks, TVs, fridges, cellphones, cookers, solar equipment etc.

Features

  • Qualifying loan is 3 times a member’s deposits subject to a maximum amount of Kshs. 1,000,000.
  • Full Sacco Membership of at least 6 months.
  • Maximum loan period is 36 months.
  • Interest is charged at 1% per month on reducing balance.
  • Security options: Guarantors’ deposits, member’s own deposits, motor vehicle logbook, Kentours Housing land title deed, life assurance policy.
  • Evidence of ability to repay: Latest pay slip.
  • Approved within 3 working days.
 
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