close

CHAP CHAP (INSTANT) LOANS

Chap Chap (Instant) Loan

  1. Purpose of loan
  • Designed to assist members meet urgent financial needs.

      2. Maximum Amount

  • Net salary multiplied by 7
  • Maximum 1,000,000
  1. Maximum period
  • 10 Months
  1. Loan Security
  • At least 2 guarantors whose deposits adequately cover the loan applied.

 Other Conditions

  • Must pass net salary through FOSA
  • Maintain Net salary of at least Ksh. 5,000
  • 0.75% Insurance fee.
  1. Interest rate
  • 4% Per month
  • Interest charged on reducing balance.