Purpose
The product is designed to assist members meet urgent financial obligations and is processed within 1 hour.
Features:
• The maximum amount is pegged on a member’s ability to pay
• 1 hour (Instant) loan processing period
• Maximum repayment period is 1 month
• Security options: Guarantors’ deposits, member deposits, Fixed deposits
• 10% once-off interest is charged on loan
• No processing charges
• Full Sacco membership of at least 3 months and evidence of ability to pay
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