It is against credit policy to use member deposits for purposes of loan repayment. A member is only allowed to offset their deposits against his loans if he/she is ceasing to be a member. However, special consideration may allow use of member deposits for loan...
Yes. The Sacco allows a member to top up their Normal, Business Development and Asset Finance loans provided the current one has been serviced for six months and is up to date....
Yes. As long as you are within your loan eligibility, and you have provided proof that you can service two or more loans concurrently....
The interest payable on this loan and other loans is what ensures we pay annual interest on deposits and dividends every year and pay for office running expenses. Your share deposit account also keeps growing monthly as you service this loan as a portion of...
Yes, you can. The loan attracts interest at 1% per month....
All loans except Immovable Asset Finance Loan, Personal vehicle loan and the Express Loan, attract an interest of 1% on reducing balance....
The loan turnaround time is 3-5 working days subject to meeting all requirements of that loan. Special loans may take longer due to security perfection....
Guarantors, Motor Vehicles, Title deeds/Leases, NSE Shares, Money Market Fund Accounts & Insurance Policies...
Once you decide on the loan type, you are required to fill out a loan application form and attach the documents as advised by the credit officer and forward the same to our offices for appraisal. All loan applications should be received in our offices...
A member qualifies for a loan after six months of active membership, having attained minimum savings of Kshs. 100,000 and having accumulated the minimum share capital of Kes. 20,000. Your qualification can be based on your deposits (as a multiplier of 3,4,5 or 8) or...
