Loyalty Loan
This is a long time loan aimed to encourage members to borrow more and pay within a longer duration.
Features
- Maximum amount is Kshs 10,000,000.
- Multiplier:- FOUR (4) times of member’s deposits.
- Repayment period of 72 months.
- To be fully secured by guarantors deposit or collaterals
- Interest 1.25% per month on reducing balance basis.
Advantages to Members
- Get higher loan due to extended repayment period.
- Can bridge the existing loans at the prevailing levies on bridge.
- Can buy bank loans at no extra cost.