Category: Loan Policy Updates

LOAN POLICY UPDATES

CAR LOAN • This loan is purely for personal cars. Maximum limit is Kshs. 3 Million • Cars aged 0 – 3 years to be repaid within 48 months • Cars above 3 years to be repaid within 36 months. • In addition to the purchase required price, members will also be to meet the […]

Loan Guarantees

Any loan with an exposure of more than Kenya Shillings two million (Kshs. 2M) or where the difference between the member’s . deposits and the loan applied for is equal to or greater than Kshs. 2M will have to be supported by an additional tangible collateral e.g. Title Deed for property within Nairobi and its  […]