Salary Loan

salary-loan

Benefits
  • This is to enable members to access Sacco Loans against their payslip
  • Loan to be processed within 48hrs
Requirements
  1. First Time Borrower only – maximum is Kes 300,000/-  or 1.5 times the savings , whichever is higher – but subject to the 2/3 rd rule
  2. Maximum Loan – is 3 times Savings
  3. 6 months savings
  4. Repayment period is 18 Months
  5. Copy of ID
  6. Copy of PIN
  7. 6 months’ pay slips
  8. 6 Months Bank Statement
  9. Legally binding Agreement for Check-off with the Employer.