VUMBUA UTAMU WA AKIBA !
- 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.