VUMBUA UTAMU WA AKIBA !
This loan is granted to meet member emergency needs within the shortest time possible..
All our loan products are accessible by all our members, therefore, you need to be a Sacco Member before you apply for any loan product, you also need to duly complete a loan application form.
Qualifications & Features
» Dully filled Loan form
» One has to be a member of the society for 6 months
» Based on members share deposits x4
» maximum amount of Kshs. 100,000
» Repayment periods-10 months
» At least 3 guarantors required to guarantee the loan
» 1/3 rule of basic salary to apply
» Top up is allowed after repaying 50% of the loan
» Interest rate at 1.5% per month on reducing balance
» Offset commission charged at 10% of the remaining balance
» Bridging fee of 2% charged on offsets of balances above 50% of issued loan
» Turn around period of 1 day is applicable