Asset Finance
This is a long-term loan for all SACCO members designed to help them acquire both movable and immovable assets.
- Must operate as an active member for at least six (6) months
- Members’ deposits - at least 20% of the loan amount.
- Security -Asset being financed
- Interest rate - 14% p.a on reducing balance.
- Private and commercial motor vehicles - financed up to 70% of the market value
Loan eligibility – General Requirements
- Saved and contributed deposits diligently and consistently for at least six months
- Must be a fully paid up member i.e. have minimum share capital as per the Sacco by-laws
- Loans will be based on the ability to pay as per the financial statement
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Our Long Term Loan Products
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