Loan Bridging

 

Product Description

Members can bridge their loans provided they have repaid the respective loan for six months and the loan balance is less than or equal to Kshs. 1,000,000 for Normal Loan and ksh. 150,000 for Instant Loan.

Features

  • Qualifying loan amount granted is as per the type of loan product being bridged
  • Full Sacco Membership of at least 6 months.
  • Maximum loan period is as per the type of loan product being bridged.
  • Interest is charged as per the type of loan product being bridged.
  • Processing fee of 2% of the bridged loan balance or Kshs.1, 000, whichever is higher, is charged.
  • 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.
  • Approval period is per the loan product being bridged.
 
loan bridge