Description
Salaried loans are loans offered to members whose employer has a check off arrangement with us.
The advantage of getting loans with us as an employer are but not limited to:
Quick loan turnaround time: disbursement within hours upon receipt of pre-requisite documents.
Debt Consolidation & refinancing
Unsecured loans with flexible requirements.
Flexible repayment plan.
Competitive interest rate.
VUKA LOAN
Loan purpose; Development, Buy off loans from other financial institutions or consolidate loans
- Loan size –Kes. 100,000 to Kes. 5 Million.
- Loan Tenure: A maximum of 132 months or up to the retirement date whichever is earlier.
- Terms of payment; check off
- One need not to have been a member
- Your salary is the collateral
- No guarantors Required
- No multiplier thresh-hold
- The loans expected monthly installment must be fully booked in the payslip
- Applicable to members in permanent and pensionable terms of engagement.
- Minimum deposit ksh. 20,000 and Capital Share of Ksh. 10,000 deducted up front for newly on boarded members
NORMAL LOAN
This loan offers the opportunity to get 5 times your savings with a flexible repayment period
- Loan size – no maximum – Depends on ability to pay
- Loan Tenure up-to 84 months.
- Your salary is the first collateral
- 3 guarantors needed
- Applicable to members in permanent and pensionable terms of engagement.
- Multiplier 5 times your share deposits.
FOSA LOAN
This loan offers the opportunity to get 6 times your savings with a flexible repayment period
- Loan size – no maximum – Depends on ability to pay
- Loan Tenure up-to 96 months.
- Your salary is the main collateral
- 3 guarantors needed
- Applicable to members in permanent and pensionable scheme
- Multiplier 6 times your shares
EMERGENCY LOAN 12
Do you need to sort out an urgent issue, this is the product for you.
- Loan size – no maximum (Ability to pay)
- Granted as a rider loan to other products
- Loan Tenure up-to 12 months.
- Your salary is the main collateral
- 3 guarantors needed
Applicable to members in Contract and permanent and pensionable terms of engagement.
EMERGENCY LOAN 24
- Loan size – no maximum (Ability to pay)
- Loan Tenure up-to 36 months.
- Your salary is the main collateral
- 3 guarantors needed
- Applicable to members in Contract and permanent and pensionable terms of engagement.
Multiplier 5 times your shares
SALARY ADVANCE
- Maximum amount is Kshs.50,000
- Two guarantors needed
- Salary must be processed through fosa account
- Maximum repayment period 12 months.
- Requirement of 1 pay slip.
- Minimum salary Kshs.3,200
- For loan amount above ksh 20,000 members are required to add additional two guarantors.
