This is a refinancing loan product. This loan facility is like a top up that facilitates completion of an ongoing project/investment or can start a new project altogether.
Features
- The loan has to be guaranteed by 6 guarantors who should be members of the Sacco,
- Maximum repayment period is 60 months,
- Interest rate is at 13% per annum on reducing balance.
- It is based on 3 times deposits
- Loan is processed within a month.
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