Fair Interest Rates
Getting a loan with Tower Sacco will be beneficial to you as we ensure that your financial emergency situation will be sorted to your fulfillment. Check out the advance loans offered at our sacco.
Purpose: To on lend to farmers in dairy and horticulture sectors and support towards adoption of climate smart and adaptive practices.
Loan term: A minimum of 3 months and a maximum of 36 months depending on the loan amount.
Multiplier: 4 times member deposits for individual members
Loan amount: To be guided by the member ability to pay Normal Appraisal Process
Repayment terms: No grace period allowed
Capital Build up: The minimum Sacco monthly shares contribution shall apply i.e. Ksh500 as minimum monthly deposit contribution.
Processing time: Approval within 48 Hours from receipt of completed loan application form
Penalties: A default rate of 10% per annum over and above the prevailing interest rate shall be applicable on any outstanding sum