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 3 times of one’s deposits
  • Repayment- 72 months
  • Interest rate- 1% p.m. on reducing balance
  • Guarantors and acceptable collaterals required.
  • Maximum Loan- Kshs.30M
  • Refinancing/ Loan top up facility available
  • Disbursed within 7 days
  • Any amount above Kshs.10m to be secured by a collateral
  • Any amount above Kshs.10 M to be approved by the full board.
  • Terms and conditions on self- guarantee apply