Loan product designed to assist members acquire properties conveniently through Sacco’s projects, making their dreams come true.
Requirements
- The member must have an active account in the Sacco
- The applicant Credit history is a major determinant.
- Loan is channeled directly to the project Account.
- No guarantors required
- The member is required to initiate the release of the collateral upon clearance of the loan.
- The maximum repayment period is subject to the Sacco approved limit.
- Interest is on reducing balance at a rate of 1.5% per month
- The applicant is expected to make the required Monthly Contribution along with servicing the loan.
- Granted at maximum rate of 4 times the members deposit.