Combine all your loans and pay them off at once

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. Thus, their only option is to ‘consolidate’ their previous loans with the new loan, such that the new loan repayment amount remains more or less the same with the initial repayment(s).

  • Once loans are consolidated they become Development loan.
  • You will be eligible for a loan of up to four times (x4) your current total Main Savings Account contributions.
  • The amount borrowed shall not exceed Kshs.9 Million.
  • Consolidation fee Kshs 2% will be charged on consolidated loan balances.
  • Interest is charged at 1% per month or 12% per annum on reducing balance.
  • The repayment period shall be a maximum of 84 months
  • A non-refundable processing fee shall be recovered from the new loan as follows:
      • 1.5% for loans below Kshs 9 million and
      • 2% for loans above Kshs 9 million