Mjengo Loan
This loan aims to assist members in constructing their homes or rental property. It has an extended repayment period of 72 months.
Loan Details
- Maximum Loan amount of KShs. 4,000,000 or as per the valuation of the collateral;
- Interest rate at 1.042% per month calculated on amortization basis;
- Maximum repayment period of 72 months (6 years)
- Member to provide collateral in form of Title Deed which shall be charged for the full amount taken.
- The loanee will bear all costs relating to valuation, charging and discharging of the Title Deed;
- All other credit terms and conditions apply
Benefits of Mjengo Loan
High Loan Amount
We provide access to substantial loans, up to KShs. 4,000,000 plus based on collateral valuation, ensuring financial flexibility for construction projects.
Competitive Interest Rate
Benefit from a low 13.5% per annum interest rate (1.042% per month) to fund your construction project without high interest expenses.
Flexible Repayment Terms
We offer flexible repayment terms of up to 72 months, reducing financial stress by spreading out installments thus increasing financial flexibility.
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.
