ESS/School fees

ESS/School fees

School fee loans are short term loans for purposes of paying school or college fee for the member or the dependents. The loan has a maximum repayment period of 12 months.

The credit product is only available to those members who have joined the Education Savings Scheme.

FEATURES

  • This is given to members to enable them educate their children and to further their own education
  • Amount granted depends on the ability to pay
  • Maximum repayment period is 12 months
  • This loan is normally given any time in the year to both continuing students and new students
  • The loan requirement is that a member must attach the school fees structures and an invitation letter for new students
  • The member must also be a contributor of  ESS saving scheme
  • Guarantors must have ESS saving
  • Qualifying shares X4
  • Member must have contributed ESS shares for at least six months

 

Requirements

  • Preprinted 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

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Telepost Sacco Society LTD