Development Loan
Normal loans are granted 4 times member's deposits. Deduction strictly check off. No maximum loan limit, repayable in 36 months and subject to the 1/3 rule. The loan is released instantly. Deduction for this loan is strictly check off.
- Minimum loan Kshs 100,001.
- For a loan above 300,000, the monthly contribution shall be Kshs 3,000.
- Processing fee of 2% and Insurance fee of 1.5%.
- Interest rates are on reducing balance and charged as follows;
- 100,001 – 200,000
- 200,001 – 300,000
- 300,001 and above
