Staff Loans

Want create site? Find Free WordPress Themes and plugins.

Advance/Loan Type

Normal Staff
Loan

Characteristics

1.Available only to staff members of
Kenya Highland Sacco
2.Three times the deposit with the
Society
3.Interest of 13% p.a reducing balance4.Repayable in 24-48 months
5. Maximum amount of ksh
10,000,000

Requirements

1.Minimum 6(six) guarantors
2.The loan application form must be endorsed by the employer
3. 2/3 rule apply
4.dully filled application form

Staff Capital Development Loan

Characteristics

1. Available to staff members who
have worked for minimum of 5 years
continuously.
2. Amount eligible is 300% of one-year basic salary.
3. Interest is 12%p.a.
4.Repayble in 96 months
5. Maximum amount of ksh 15,000,000

Requirements

1.Minimum 6(six) guarantors
2. The loan application form must be endorsed by the employer & fully secured
3.collateral required
4. 2/3 rule apply
5.dully filled application form

Car Loans

Characteristics

1. Eligibility is 200% of one year's
basic salary.
2.Interest is 12% p.a reducing
balance
3. The car must not be more than years old from the date of
registration.
4. repayment period shall not
exceed 60 months

Requirements

1. Available to staff members  who have worked for a minimum
of 2 years continuously.
2.Minimum 6(six) guarantors
3. The loan application form must be endorsed by the employer
4.Joint ownership with the society must be entered until the
the loan is recovered in full
5. 2/3 rule apply
6.dully filled application form

Furniture loans

Characteristics

1. Available for staff members who have served for at least two(2) years.
2.eligible 5 times their monthly salary
3. Interest rate of 12% P.a.
4. Repayable in 36 months
5.Max:ksh.1,000,000

Requirements

1.Minimum 6(six) guarantors
2. The loan application form mustbe endorsed by the employer
3. 2/3 rule apply
4.dully filled application form

Staff loans

Characteristics

1. Available to Kenya highlands Sacco staff employed on
a permanent basis.
2.based on one(1) salary
3. Interest rate of 12% P.a.
4. Repayable in 60 months

Requirements

1. minimum six(6) guarantors
2. The loan application form must be endorsed by the employer
3. 2/3 rule apply
4.dully filled application form

Did you find apk for android? You can find new Free Android Games and apps.