This kind of loan is for anything closely related to a development/investment project e.g. home refurbishing, house construction and land purchasing etc.
Premium Loan. PR 01
- Maximum repayment period: 60 (sixty) months.
- Interest rates: 1.5 % on a reducing loan balance.
- The entitlement is Four (4) times a Member’s deposits.
- Processing period: 30 days.
- The Premium loan must be fully guaranteed through the acceptable methods of guarantor ship by the Sacco.
- A minimum deposit for loans borrowed beyond Kshs. 500,000 is/should be 0.5% of the loan borrowed.