Our Loan Products
- BUSINESS LOAN
- TAKA LOAN
- SALARY LOAN
- GROUP LOAN
- SCHOOL FEES LOAN
- EMERGENCY LOAN
- ASSET FINANCING LOAN
- CHURCH DEV'T LOAN
- JAGUAR SPEED LOAN
This product is tailored to provide business working capital loan to support business stock and expansion.
Requirements
1. Should be a member of the society
2. His/her accounts should have operated for at least 2 months
3. Photocopy of ID
4. A business plan
5. At least 2 guarantors
6. Recommendation from LC1
7. Collateral security
8. Photocopy of trading license
9. 10% share of loan amount applied for
Terms and conditions
1. Should fill a loan application form
2. Maximum amount 30m
3. Interest rate: 3% per month
4. Maximum loan period 3years
5. Turnaround time Maximum 2 weeks
6. Loan should not exceed 40% of the value of the security
7. 1% loan appraise fee
8. 1% Insurance
Land acquisition Loan/Taka Loan
The society buys the land or property in its name on behalf of the client.
The client begins to pay for the loan until completion, and then the property is transferred into the client name.
Meanwhile the client may start to use the property has she/he make payments.
Requirements
1. Must have a running account with the society at least 2 months
2. Must have deposited 30% of required amount to buy the property
3. Must have 10% of the required amount in shares in the society
4. Must be a member with at least 1 share
5. Should have an account with the society
6. 3 passport size photos
7. Photocopy of identification card.
8. A running business or salary
9. Recommendation letter from employer for salary earners.
10. Should have a guarantor who must be a willing to pay for him or her in case of default and financially stable.
11. The property in purchase acts as collateral security.
Terms and conditions
1. Completed application form.
2. Interest rate of 2.5% per month
3. Should have savings of at least 30% of loan applied for.
4. Borrower should allow SACCO staff to assess his or her business and security.
5. Loan sizes shall depend on the client’s ability to pay.
6. Borrower must repay his or her full installment on the agreed date without fail.
7. Borrower shall be penalized for delay repayment of loan 10% per month for any installment due.
This product is tailored to provide business working capital loan to support business stock and expansion.
Requirements
1. Should be a member of the society
2. His/her accounts should have operated for at least 2 months
3. Photocopy of ID
4. Recommendation letter from employer for salary earners
5. At least 2 guarantors
6. Recommendation from LC1
7. Collateral security
8. Photocopy of trading license
9. 10% share of loan amount applied for
Terms and conditions
1. Should fill a loan application form
2. Maximum amount 30m
3. Interest rate: 3% per month
4. Maximum loan period 3years
5. Turnaround time Maximum 2 weeks
6. Loan should not exceed 40% of the value of the security
7. 1% loan appraise fee
8. 1% Insurance
This loan targets group members pursuing a common project or individual members in the group.
Requirements
1. Should be a member of the society
2. His/her accounts should have operated for at least 2 months
3. Photocopy of ID
4. A business plan
5. At least 2 guarantors
6. Recommendation from LC1
7. Collateral security
8. Photocopy of trading license
9. 10% share of loan amount applied for
Terms and conditions
1. Should fill a loan application form
2. Maximum amount 30m
3. Interest rate: 3% per month
4. Maximum loan period 3years
5. Turnaround time Maximum 2 weeks
6. Loan should not exceed 40% of the value of the security
7. 1% loan appraise fee
8. 1% Insurance
This product is tailored to provide business working capital loan to support business stock and expansion.
Requirements
1. Should be a member of the society
2. His/her accounts should have operated for at least 2 months
3. Photocopy of ID
4. A business plan
5. At least 2 guarantors
6. Recommendation from LC1
7. Collateral security
8. Photocopy of trading license
9. 10% share of loan amount applied for
Terms and conditions
1. Should fill a loan application form
2. Maximum amount 30m
3. Interest rate: 3% per month
4. Maximum loan period 3years
5. Turnaround time Maximum 2 weeks
6. Loan should not exceed 40% of the value of the security
7. 1% loan appraise fee
8. 1% Insurance
This product is tailored to provide business working capital loan to support business stock and expansion.
Requirements
1. Should be a member of the society
2. His/her accounts should have operated for at least 2 months
3. Photocopy of ID
4. A business plan
5. At least 2 guarantors
6. Recommendation from LC1
7. Collateral security
8. Photocopy of trading license
9. 10% share of loan amount applied for
Terms and conditions
1. Should fill a loan application form
2. Maximum amount 30m
3. Interest rate: 3% per month
4. Maximum loan period 3years
5. Turnaround time Maximum 2 weeks
6. Loan should not exceed 40% of the value of the security
7. 1% loan appraise fee
8. 1% Insurance
This is a loan tailored to customers who would want to acquire movable assets, machinery and equipment.
Requirements
1. Should be a member of the society
2. His/her accounts should have operated for at least 2 months
3. Photocopy of ID
4. A business plan
5. At least 2 guarantors
6. Recommendation from LC1
7. Collateral security
8. Photocopy of trading license
9. 10% share of loan amount applied for
Terms and conditions
1. Should fill a loan application form
2. Maximum amount 30m
3. Interest rate: 3% per month
4. Maximum loan period 3years
5. Turnaround time Maximum 2 weeks
6. Loan should not exceed 40% of the value of the security
7. 1% loan appraise fee
8. 1% Insurance
This product is tailored to provide business working capital loan to support business stock and expansion.
Requirements
1. Should be a member of the society
2. His/her accounts should have operated for at least 2 months
3. Photocopy of ID
4. A business plan
5. At least 2 guarantors
6. Recommendation from LC1
7. Collateral security
8. Photocopy of trading license
9. 10% share of loan amount applied for
Terms and conditions
1. Should fill a loan application form
2. Maximum amount 30m
3. Interest rate: 3% per month
4. Maximum loan period 3years
5. Turnaround time Maximum 2 weeks
6. Loan should not exceed 40% of the value of the security
7. 1% loan appraise fee
8. 1% Insurance
This product is tailored to provide business working capital loan to support business stock and expansion.
Requirements
1. Should be a member of the society
2. His/her accounts should have operated for at least 2 months
3. Photocopy of ID
4. A business plan
5. At least 2 guarantors
6. Recommendation from LC1
7. Collateral security
8. Photocopy of trading license
9. 10% share of loan amount applied for
Terms and conditions
1. Should fill a loan application form
2. Maximum amount 30m
3. Interest rate: 3% per month
4. Maximum loan period 3years
5. Turnaround time Maximum 2 weeks
6. Loan should not exceed 40% of the value of the security
7. 1% loan appraise fee
8. 1% Insurance
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