Development Loan
This is a long-term loan with a maximum repayment period of 96 months. This loan enables members to embark on development projects with longer repayment periods. A member is entitled to a loan amount equivalent to Four (4) Times of his/her deposits; up
to a maximum amount of Kes. 10 million.
Loan Details
- Loan issued at 4 times of one’s deposits.
- Max Loan limit- Kes10,000,000 (Ten Million).
- Repayment- 96 months (8 years)
- Interest rate- 1.042%pm on reducing balance
- Disbursed in phases depending on the project
- Guarantors or acceptable collaterals required.
- Refinancing/ Loan top up facility available
- The loanee will bear all costs relating to valuation, charging and discharging of the Title Deed/logbook.
Benefits of Development Loan
High Loan Limit
We offer a maximum loan limit of Kes10,000,000 (Ten Million), ensuring that you have the financial capacity to undertake even the most ambitious projects.
Competitive Interest Rate
The Loan offers a low 1.042% monthly interest rate on the decreasing balance, ensuring that you can make your dreams come true without breaking the bank.
Flexible Repayment Period
We offer a repayment period of 96 months (8 years) repayment period for long-term investments, allowing you to comfortably manage your loan without feeling financially burdened.
Are You Interested in Applying for a Loan?
Please fill out the form below and let us contact you to apply. All fields marked with * are mandatory.
