Purpose

This loan facility enables members to complete their development projects by consolidating existing loans to create room for more while stretching the repayments.
Features:
•    Qualifying loan is 3 times member’s deposits
•    Interest rate is 1% per month on reducing balance
•    Maximum repayment period is 72 months
•    Security options: Guarantors’ deposits, member deposits, Fixed deposits, Property
•    Quick loan processing: Up to 4 days and 4 weeks where property is collateral
•    2.5% once off  refinancing fee applies
•    Full Sacco membership of at least 3 months and evidence of ability to pay