Loan Products
Development Loan
The key requirements are as follows:
- Access up to Kes. 10 million
- Loans granted up to three times one’s deposits.
- Loans are repaid within a period of 60 months.
- Interest charged at 1 % per month on a reducing balance method.
More requirements include: -
- Loan application supported by the member’s three latest pay slip.
- Loan can be secured by either guarantors or approved collateral
Loan can be used to offset other loans.
N:B For payment charges refer to Tariff Guide under downloads.