Purpose
The Emergency Loan is designed to address urgent needs and emergencies.
Features
- The maximum amount one can borrow is 3 * Deposits up to Ksh. 1.5 million.
- The repayment period shall be a maximum of 18months subject to the contract period.
- The loan shall attract an interest rate of 10% per annum on a reducing balance basis.
- The Security shall be the member's and guarantors' deposits.
This promotion for Emergency loan will run for 6 months starting 1st August 2022.