Mega Loan is a loan product with the following features:
- Loan repayment period up to seventy two (72) months.
- Can be taken as a stand-alone loan.
- Can be used to bridge Special Development, Normal Development, Emergency and Education loans.
- Can be used to buy loans from other financial institutions.
- A one off charge of 3.5% of loans being bridged or bought will be charged.
- Can be secured through guarantors and/or collateral. ·
- Interest at 1.2% per month on reducing balance. ·
- 2/3 rule applies where applicable. ·
- Loan will be given up to three times a member’s deposits. ·
- Proof of other sources of income apart from payroll applies.
Watch Our Video
Powered by BreezingForms
As your partner to prosperity, we strive to meet and exceed our member...
Are you in Kakamega,Busia,Bungoma,Siaya,Homabay or Kisumu ……Lets a...
Top -up Loans -Members can now top-up Normal development, Special deve...
Woodlands road, Opposite IFRC
P.o Box 10454 00100
CALL CENTER: +254 709 136 000