REVISED NEW LOAN APPLICATION FORM

REVISED NEW LOAN APPLICATION FORM

We have revised the Sacco loan application form and we have updated the same with the current terms and conditions with reference to the Credit policy.

    • Related Articles

    • Loan Application and Agreement- Terms and conditions.

      Elite and Premier Loan are subject to four times the value of deposit (the main savings account) held. Aspire and Elimu Bora loan are subject to three times the value of deposit held in the main savings and Education Scheme Savings accounts ...

    • Loan repayment periods and Interest Rates

      Loan Type                  Maximum Repayment period                  Interest Rate. Afya Imara                   12 Months                                              1 % PM Express Loan              12 Months                                      ...

    • SHARE CAPITAL LOAN

      Share capital loan is a facility we provide for members to enable them boost their share capital with the SACCO. OPTION 1: MAXIMUM LIMIT OF 100,000 Conditions 1. Interest rate 5% p.a 2. Tenure 12 months 3. Security -Guarantors or other form of ...

    • Express/ Emergency Loan Review

      Our Express loan terms have been reviewed effective 01/06/2023. Maximum express loan a member can access is 300,000/- to repay within 18 months at a rate of 14.5% p.a All other loan terms and conditions remain the same. Applications should be ...

    • GUARANTORSHIP AS A FORM OF LOAN SECURITY

      WHO IS A GUARANTOR? A guarantor is a person who promises to pay the debt of the borrower in case of the default of the borrower on his or her financial obligation. In essence, a guarantor secures someone's loan by committing to pay the loan if the ...