Product Description
This loan helps Kentours Sacco Members to buy land in Kentours Housing Co-operative Society. Payment is made directly to Kentours Housing Co-operative Society.
Features
Qualifying Loan is 3 times a member’s deposits subject to a maximum amount of Kshs. 1,000,000.
Full Sacco Membership of at least 6 months.
Maximum loan period is 48 months.
Interest is charged at 1% per month on reducing balance.
Security options: Guarantors’ deposits, member’s own deposits, motor vehicle logbook, Kentours Housing land title deed, life assurance policy.
Evidence of ability to repay: Latest pay slip.
Approved within 7 working days.
