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Deposit/Quick Loan

Deposit/Quick Loan

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Membership is open to members of Banki Kuu SACCO.  In order to join the scheme, one is required to fill in a membership application form and pay registration fee of Kes100.  A member is required to make minimum monthly contribution of Kes 1,000 and is eligible for a loan 4 times his/her shares  repayable in 60 months at a commercial rate of interest.
 

 

FEATURES GENERIC PACKAGE PREMIUM PACKAGE PLATINUM PACKAGE
Registration Kshs. 1000 Ksh. 1000 Ksh. 1000
Monthly Contributions Kshs. 1000 Kshs. 1000 Ksh. 1000

Loan Eligibility

After 6 months & interest commercial rate on reducing balance

Repayment

30 months 48 months 60 months

Interest Rate

Commercial rate (16%)

Loan Entitlement

3x Quick scheme shares - Max. loan 300,000 Kshs. 4x Quick scheme shares - No ceiling 4x Quick scheme shares - No ceiling

Restructuring & Top ups

N/A Yes, after 6 months from last drawdown/ restructure.2 months’ charge at 20%  per annum Yes, unrestricted.
2 months'charge at 20% p.a

 

ISO 9001

Banki Kuu SACCO is now ISO 9001 Certified for compliance and regulation adherence. ISO 9001 is a certified quality management system (QMS) for organisations who want to prove their ability to consistently provide products and services that meet the needs of their customers.

© 2016 BANKI KUU SACCO. All Rights Reserved. Designed By Kirimi

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