FOSA LOANS

FOSA LOANS

SALO LOAN 
Unsecured loan product targeting salaried customers.
➢ Accessible to individual customers
➢ Access to loan of up to Kes.200,000 repaid at an interest rate of 2% p.m. on a reducing balance
➢ Maximum repayment period of 3 months

BUSINESS LOAN
Facility is available to Boresha Biashara and Jiinue Account customers
➢ Account must be in operation actively for at least 3 months
➢ Loan limit is as per customer’s account transactions history and credit scoring
➢ Maximum repayment period of up to 24 months
➢ Interest rate of 2% p.m. on a reducing balance

OVERDRAFT FACILITY 
Facility is available to all customers holding a FOSA account with a deposit turnover of more than Kshs. 200,000 per month.
➢ Interest fee of 2% p.m.
➢ Renewable after 12months
➢ Limit is as per customer’s account transactions history and credit scoring

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