This is a loan that caters for Pre-Primary,
Primary and Secondary education. Payment is made to the respective school upon
provision of the relevant documents. Members are able to meet education
expenses without being inconvenienced.
- Qualifying loan is 3.5 times a
member’s deposits subject to a maximum amount of Kshs. 350,000.
-
Full Sacco membership of at
least 6 months.
-
Maximum loan period is 24
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.
