Advance Loan

Our Slogan

We Save Everyday, Invest Wisely & Repay As Soon As Possible.

Advance Loan

This loan product is meant to finance the interests of a member and is supposed to enable him/her sustain their business, lifestyles and other critical purposes or needs.
Instances such as Cash Bail / Bonds with a limit of Kshs 10,000 can be issued by the office immediately upon request to the office.

To qualify for this loan, a registered member must have saved a minimum of Kshs 90,000 within a period of six(6) months prior to applying for the loan.

This is equivalent to Kshs 15,000 monthly or Kshs 500 daily.
The Advance Loan also attracts a 0.5 % Appraisal Fee with a minimum value set at Kshs 500.
The Maximum Multiplying factor for the Advance Loan is two (2) times (X2).

BENEFITS

• Maximum Repayment Period Of 6 Months
• Maximum limit for the loan is Kshs 100,000
• Interest is charged at 1.5 % on Reducing Balance