RELOCATION LOAN
To assist members who relocate back to Kenya to settle down smoothly
- The maximum amount borrowed shall not exceed 80% of a member’s free shares deposit
- The maximum amount borrowed shall not exceed three (x3) times the member’s deposits
- A non-refundable processing fee of 1% of loan amount shall be paid in or be recovered from new loan
- The interest rate is 1.0% per month on reducing balance.
- Top up not allowed.
- The repayment period for this loan cannot exceed 12 months.