Borrow

KNAD LOANS

Invest and grow with our K-NADS Loans

REQUIREMENTS:

Must be a member for at least 6 months.
The repayment periods depends on type of loan.
Minimum share capital of Kshs 30, 000 must be met.
Forms must be duly filled in full and a copy of I.D or passport and KRA pin attached.
A new member is eligible for a first loan after six (6) months.
Any instant lump some cash deposits for a loan on savings will be disregarded unless it has been with the Sacco for not less than Three (3) months.

EMERGENCY LOAN

Designed to assist members take care of emergency needs for her and relatives in Kenya.

DEVELOPMENT LOAN

The maximum amount shall not exceed Kshs 9 million, if funds are available, a higher amount can be borrowed. These can be determined by the liquidity of the SACCO.

MEDICAL COVER LOAN

These will assist members who would like to take medical covers for their family and relatives who reside in Kenya.

LAND/PLOT LOAN

The amount borrowed shall not exceed a maximum of Kshs 11 million if funds are available, a higher amount can be borrowed subject to ability to pay and security provided.

CONSTRUCTION LOAN

The amount borrowed shall not exceed Kshs 8 million; however, a higher loan amount may be approved subject to availability of funds.

MOTOR VEHICLE LOAN

Designed to assist members to purchase a vehicle for personal or commercial use.

SCHOOL FEES LOAN

Designed to assist members pay school fees for their relatives in Kenya or in US for various institutions of learning.

RELOCATION LOAN

Designed to assist members who relocate back to Kenya to settle down smoothly.

NO QUESTIONS ASKED LOAN

Designed to assist members with a quick loan that is less than Kshs 100,000.

CONSOLIDATED LOAN

Consolidated loan is designed for a member who has existing loan balances but due to limited income, is unable to take an additional independent loan.