Call Deposit Advance Loan
The facility will be available to FOSA account holders who have call deposits with the SACCO. A customer will be allowed to access up to 80% of their deposits as an advance.FEATURES
Interest
The loan will be charged interest per month.
Repayment period
The advance will be harmonized to the maturity of the deposits such that the full repayment will be achieved by the time of deposit maturity.
Guarantee
The advance will be guaranteed by the deposits held by the SACCO
