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Holiday Loan Facility

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The weekend loan product has been deemed necessary to meet member’s emerging needs.
The Revised features are detailed below:
 

Weekend Loan FacilityFeaturesPremium PackagePLATINUM Package
 Repayment
 Interest Rate
 Maximum loan
 Loan multiplier
 Roll-over interest
 Collateral
 Processing time
 Mode of disbursement
Within one Month
15% p.a, flat
Kes. 25,000.00
2 x Christmas savings
Yes, but for not more than 2 Months
Required; 2 guarantors
Within six(6) hours
Mpesa, RTGS, Cheque


Within one Month
15% p.a, flat
Kes. 25,000.00
2 x Christmas savings
Yes, but for not more than 2 Months
Required; 2 guarantors
Within six(6) hours
Mpesa, RTGS, Cheque

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The Society introduced a Holiday Loan Scheme to enable members to save and plan for their holiday in an easy and affordable manner.  Membership is open to all members of the Society.  A member is required to make minimum monthly contribution of Kes 500 and each member is entitled to two times his/her savings.  The loan will be repayable within 24 months at an interest rate of 15%.
 

 

FEATURESGENERIC PACKAGEPLATINUM PACKAGE
Registration Kshs. 100 Ksh. 100
Monthly Contributions Kshs. 500 Kshs. 500

Repayment

12 months 24 months

Interest Rate

15% p.a reducing

Loan Entitlement

2x shares subject to cost of trip

Restructuring & Top ups

Yes

Top-up /Restructuring fee

N/A 2 months’ charge at 20%  per annum

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.

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