Purpose

This is a bank loans buy-back facility. It enables members to transfer expensive bank loans to the Sacco
Features:
•    The maximum amount is pegged on installments of  2/3 of a member’s net pay or business income
•    Interest rate is 1.16% per month on reducing balance
•    Maximum repayment period is 72 months
•    Security options: Guarantors’ deposits, member deposits, Fixed deposits
•    Quick loan processing: Up to 4 days and 4 weeks where property is collateral
•    One-off processing fee: 2.5 %
•    Full Sacco membership of at least 3 months and evidence of ability to pay

Download loan form here

UFANISI GARDENS MALAA

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