This loan serves to cater for members school fees and /or their dependants.
Features:
- Maximum amount of Ksh 200,000 Interest rate on loan is 12% p.a. on reducing balance
- Repayment period of 12 months.
- Processing is within 24 hours
- Normal loan application forms to be populated
- Members to share standing orders for the repayment amounts
- Repayment is either through payroll or outside the payroll
- Must have evidence of school / college fee structure as support of the application.
- Payment is made directly to the school
- The application is pegged to the loan application multiplier
- Balances must be cleared upon exit from the firm