Do you have land that you wish to develop?

  • The amount borrowed shall not exceed Kshs 8 million; however, a higher loan amount may be approved subject to availability of funds.
  • The maximum amount borrowed shall not exceed four (x4) times the member’s deposits.
  • 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
  • A member is entitled to another type of Loan only if the three times deposit rule could apply.
  • A member can refinance after 6 months of repayment.