This is a Project Loan ~ the loan was introduced to assist member take up medical cover for their extended dependants under the Medical cover for Safaricom Ltd thus loan amount is subject to the premium amount.
Payable in 12 months
Interest rate – 1% on reducing balance
Guarantors required – not less than three guarantors
PLEASE NOTE THAT MEMBERS MUST GET APPROVAL FROM HR ON WHOM THEY ARE INSURING!
Product Service Level Agreement.
Loans received in the office daily.
Vetting and approval for loans within 48 hours excluding the day the loan is received in the office.
Approval is done within one week and Cheque drawn to the Insurance provider.