Salary Loan

salary-loan

Benefits
  • This is to enable members to access Sacco Loans against their payslip
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 and 2 Passport size photos
  6. Legally binding Agreement for Check-off with the Employer.