Nawiri Loan
Loan Features:
- The Loan shall be assessed three times Member's Deposits in the Society.
- Maximum Loan repayment period is 108 months.
- The interest rate is 14% per annum on reducing balance.
- Eligible to members with Normal Deposits of KES. 1,000,000 and above.
- Minimum of 6 guarantors is required for this product.
- The Loan amount determines the shares to be contributed as per the schedule below:-
|
Loan Amount |
Minimum Deposits |
|
Less than 500,000 |
5,000 |
|
500,001 -1,000,000 |
6,000 |
|
1,000,001-1,500,000 |
7,000 |
|
1,500,001-2,000,000 |
8,000 |
|
2,000,001-2,500,000 |
9,000 |
| Above 2,500,001 | 10,000 |
