Purpose                                                                 
This facility enables members to acquire/own motor vehicles
Features
•    Accepted vehicles – Brand new and Second (2nd) hand personal vehicles manufactured within the last 8 years
•    Qualifying loan shall be within the member’s ability to pay pegged on existing cash flow or supported by a verifiable and realistic business plan. Loan not pegged on deposits.
•    Maximum amount to lend is 100% of forced Sale Value per the valuation report subject to credit appraisal.
•    Charging (joint registration) and valuation cost is to be borne by the loan applicant.
•    Interest rate is 1.25% per month on reducing balance
•    Maximum repayment period is 36 months
•    Security options: Motor Vehicle Logbook
•    Quick loan processing: Up to 3 weeks
•    1% once off  processing fee
•    Full Sacco membership of at least 3 months and evidence of ability to pay

Working Hours : Mon - Fri 8.30am to 4.30pm; Last Saturday of the month 9.00am to 12.30 pm. Closed on Weekends & Public Holidays