Own your first car or an upgrade through the SACCO. You can now purchase imported or locally purchased car at 1% p.m and repayment of up to 48 months.
- Loan limit from 300,000.00 to 3,000,000.00
- Multiplication factor 3 times the deposit
- Interest rate 1% per month on reducing balance
- Age limit of vehicle should not be more than 9 years – 1st registered 2005 and after
- SACCO Financing up to 80% of valuation of the car
- Must have SACCO comprehensive Insurance Cover
- Original Logbook will be security for the loan
- Maximum Loan Repayment period – 48 Months
- The Car should for Private use and not PSV.