Premium Loans

üA member must have been a member for a minimum period of six months.

 

üThe maximum amount of loan granted is Kshs. 3,000,000 but shall not exceed 3 times member’s shares.

 

üRepayable in 60 months.

 

ü1/3 rule is applicable.

 

üAttracts 1.25% interest rate per month.

 

üThe loans are given on a first come first served basis. 

 

üThe loan must be fully guaranteed by self or other members

NB: A loan application form must be completed for each of the categories above

 


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