Development Loan

Product Description

This product is intended to empower members undertake development projects with long-term benefits e.g. Residential & Commercial buildings, Business ventures and other investments.

Product Features.

  • Loan issued at 4 times of one’s deposits
  • Repayment- 84 months
  • Interest rate- 1% p.m. on reducing balance.
  • Guarantors and acceptable collaterals required.
  • Maximum Loan- Kshs.30M
  • Refinancing/ Loan top up facility available
  • 0.5% refinancing/consolidation fee.
  • Disbursed within 5 days.
  • Any amount above Kshs.10m to be secured by a collateral.
  • Terms and conditions on self- guarantee apply.