Normal Loan

The loan is meant to assist members who need to undertake development projects

This is a major loan for purposes such as land purchasing, house purchase/building, car purchase etc

The loan facility is processed and disbursed once monthly

our products
loan

Features

  • A member is given 3 times his/her deposits or the ability to pay
  • These are loans repayable at a longer period from 36 months
  • Member must have contributed shares for at least six months
  • Waiting period not less than 30 working days subject to availability of funds
  • Not less than three guarantors subject to amount

Requirements

  • Pre-printed application forms
  • Copies of Identification Document used in the member registration,
  • Most current original pay slips for salaried members
  • Identification copies of the guarantors
  • Guarantors’ original pay slips if any

Telepost Sacco Society LTD