School Fee Loan

This is a loan that caters for Pre-Primary, Primary and Secondary education. Payment is made to the respective school upon provision of the relevant documents. Members are able to meet education expenses without being inconvenienced.

• Qualifying loan is 3.5 times a member’s deposits subject to a maximum amount of Kshs. 750,000.

• Full Sacco membership of at least 6 months.

• Maximum loan period is 24 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 3 working days.