NORMAL LOANS (DEVELOPMENT LOANS)

The development loans are the basic loan products offered by the society. The product is available to all members of the society who have fulfilled the conditions set. The following are the characteristics of the normal loans;

  1. Ksh 6,000,000 loan qualification
  2. 1% P.M. Interest rate on a reducing balance
  3. Maximum qualification of 3 times the members deposits
  4. Collaterals include; Title deeds, Vehicle logbooks, Chattels or guarantors
  5. 14 days processing period