Jeki Loan

VUMBUA UTAMU WA AKIBA !

Qualifications 

  • Duly filled Loan form
  • One has to be a member of the society for 3 months
  • Applicable for a maximum amount of KShs. 250,000
  • Repayment periods-24 months
  • At least 3 guarantors from existing membership required to cover 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
  • Insurance fee of 1% of the approved loan
  • Appraisal fee of 0.7% of the approved loan
  • Offset commission charged at 10% of the remaining balance
  • Bridging fee of 2% charged on offsets of  balances above 50%  of issued loan
  • 25% of the loan approved is retained as deposits.