Jipange Loan
Maximum loan to be granted is dictated by ability to repay and subject to the 1/3 rule and 4 times shares/deposits limit. The loan is Repayable within 12 months. Deduction strictly check off. Minimum loan Kshs 30,000, no documentary evidence is required for the loan. The loan is released instantly. Processing fee 2% and Insurance fee of 1.5%.
- Top up charges are at 10% for Internal loans and 10% for external loans.
- Interest rates are on reducing balance and charged as follows;
- 30,000 – 100,000
- 100,001 – 200,000
- 200,001 – 300,000
- 300,001 and above
