Self Guarantee Loan

The loan is tailored to those members with adequate savings and are not desirous of looking for guarantors for the loans applied.

For one to apply for any loan product, the following shall be mandatory requirements:-

  • Two latest original payslips
  • A copy of your national Identity Card or passport
  • A copy of your KRA Personal Identification Number
  • Appropriate supporting documents
  • Bank statements where applicable

About this product

The loan is tailored to those members with adequate savings and are not desirous of looking for guarantors for the loans applied.

  1. Repayment period:  12 months
  2. Up to 80% of the shares
  3. Interest rate 6% per annum
  4. Shares must not be attached to any liability

This loan shall be granted under the following conditions:

  • If a member is out of payroll
  • For a business and or non-salaried people
  • Any other member that the management may deem fit,
  1. If a loan is not serviced for at least three consecutive months, the loan plus interest accrued shall be recovered from the deposits. All other terms of withdrawal shall apply for such a member.
  2. Maximum repayment period is 12months.