close

E-LOANS

E-Loans (Emergency/Education)

 

  1. Purpose of loan
  • Loan product designed to assist members pay fees and for unforeseen circumstances.


  1. Maximum Amount
  • Deposits multiplied by 4
  • Maximum Kshs. 1,000,000

 

  1. Maximum period
  • 12 Months

 

  1. Loan Security
  • At least four guarantors whose deposits adequately cover the loan applied

 

  1. Other Conditions
  • Loan deduction through member salary.
  • 15% interest on loan clearance.
  • Loan approved twice in a week.
  • 0.75% Insurance fee.

 

  1. Interest rate
  • 1.21% per Month (14.5% P.A)