This products are for members who already have the first two types of loans and are looking for the third or fourth facility.
- Total outstanding loan should not exceed 3 times member’s deposits.
- Interest rate is 14.5% per annum on reducing balance.
- Maximum repayment period is 60 months (5 years).
- Security options: Guarantors’ deposits, member deposits or property.
- Full Sacco membership of at least 6 months and evidence of ability to pay