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Bridging Loan

Bridging Loan

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a) Bridging Salary Loan

The facility is granted to those who are in premium package scheme who may wish to temporarily bridge there salary advance.  A member is entitled to a maximum facility of upto Kes 500,000 repayable within 14 days at a commission of 10% of the amount lent.  The loan will be based on the main scheme shares subject to availability of funds and the loan will be payable to the ultimate beneficiary institution.

b) Bridging Development Loan

The facility is granted to those who in premium package scheme who may wish to temporarily bridge their development loan.  A member is entitled to a maximum facility of upto Kes 500,000 repayable within 3 months at a commission of 10% of the amount lent.  The loan will be based on the main scheme shares subject to availability of funds and the loan will be payable to the ultimate beneficiary institution.

 

 

FEATURESGENERIC PACKAGEPREMIUM PACKAGE
Salary Advance

Repayment

N/A 2 Weeks

Interest Rate

10% of amount borrowed

Loan Entitlement

Maximum 500,000 Kshs
Development Loan

Repayment

N/A 3 Months

Interest Rate

10% of amount borrowed

Loan Entitlement

Maximum 500,000 Kshs

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.

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