School Fees Loan

 

Product Description

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.

Features

  • 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.
 
SCHOOL