This is a loan granted to serve members’ most immediate needs.
- Qualifying Loan is 3.5 times a
member’s deposits subject to a maximum amount of Kshs. 500,000.
-
Full Sacco membership of at
least 6 months.
-
Maximum loan period is 36
months.
-
Interest is charged at 1.125%
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.
