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REFINANCING LOAN

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REFINANCING LOAN FACILITY

This is to inform our esteemed members that the Board of Directors has approved the introduction of a REFINANCING LOAN FACILITY, effective from May 16th, 2016. The product whose features are detailed below is optional and for members who meet the mandatory requirements.

` FEATURES

               REFINANCING LOAN

Repayment

72 Months

Interest Rate

15% pa (1.25% pm) on reducing balance

Loan Entitlement

3 x Main shares

Restructuring/Top up

Yes, restricted.

2 Months’ charge at 20% p. a

Subsequent restructuring after 2 years

Consolidation

Not available

Security

Guarantors

*The loan multiplier shall remain 2x for Senior Citizen and Police categories.

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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