EMERGENCY LOAN
Takes care of the urgent and unexpected expenses in life
Designed to assist members take care of emergency needs for her and relatives in Kenya.
- The maximum amount borrowed shall not exceed four (x4) times the member’s deposits
- The maximum loan is Kshs 1million
- The maximum repayment period is 12 months
- The interest rate will be charged at 1% interest rate on reducing balance or 12% per annum on reducing balance
- You can TOP UP Emergency loan if you have paid for last 3 months.
- Top up fee of Kshs 2% on loan balance will be charged.
- A non-refundable processing fee of 1.5% of loan amount approved.