Emergency Loan

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

Emergency Loan

This loan product caters for emergencies like vehicle breakdowns that may require large sums of money to restore the bus back onto the road.
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.
The member will be required to provide court documents or police records as proof.

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 Emergency Loan also attracts a 0.5 % Appraisal Fee with a minimum value set at Kshs 500.
The Maximum Multiplying factor for the Emergency Loan is two (2) times (X2).

The minimum number of guarantors allowed for this loan is three (3) members.

BENEFITS

• Maximum Repayment Period Of 12 Months
• Maximum limit for the loan is Kshs 200,000
• Interest is charged at 1.2 % on Reducing Balance