Special Loan
Special loans are granted 4 times member's deposits. Deduction strictly check off. No maximum loan limit, repayable in 48 months and subject to the 1/3 rule. The loan is released instantly. Deduction for this loan is strictly check off. Minimum loan Kshs 200,001.
- For a loan above 300,000, the monthly contribution shall be Kshs 3,000. 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;
- 200,001 – 300,000
- 300,001 and above
