Description
Salaried loans are loans offered to members whose employer has a check off arrangement with us.
The advantage of getting loans with us as an employer are but not limited to:
Quick loan turnaround time: disbursement within hours upon receipt of pre-requisite documents.
Debt Consolidation & refinancing
Unsecured loans with flexible requirements.
Flexible repayment plan.
Competitive interest rate.
VUKA LOAN
This loan enables you to settle or buy off pressing loans at your convenience. No guarantors or saving period required.
- Loan size –Kes. 100,000 to Kes.3.5 Million.
- Loan Tenure up-to 96months.
- One need not to have been a member
- Your salary is the collateral
- No guarantors Required
- No multiplier thresh-hold
- Applicable to members in permanent and pensionable terms of engagement.
- Minimum deposit ksh. 20,000 and Capital Share of Ksh. 10,000 deducted up front for newly on boarded members
NORMAL LOAN
This loan offers the opportunity to get 5 times your savings with a flexible repayment period
- Loan size – no maximum – Depends on ability to pay
- Loan Tenure up-to 72months.
- Your salary is the collateral
- 3 guarantors needed
- Applicable to members in permanent and pensionable terms of engagement.
- Multiplier 5 times your share deposits.
FOSA LOAN
This loan offers the opportunity to get 6 times your savings with a flexible repayment period
- Loan size – no maximum – Depends on ability to pay
- Loan Tenure up-to 96 months.
- Your salary is the main collateral
- 3 guarantors needed
- Applicable to members in permanent and pensionable scheme
- Multiplier 6 times your shares
EMERGENCY LOAN 12
Do you need to sort out an urgent issue, this is the product for you.
- Loan size – no maximum (Ability to pay)
- Granted as a rider loan to other products
- Loan Tenure up-to 12 months.
- Your salary is the main collateral
- 3 guarantors needed
Applicable to members in Contract and permanent and pensionable terms of engagement.
EMERGENCY LOAN 24
- Loan size – no maximum (Ability to pay)
- Loan Tenure up-to 36 months.
- Your salary is the main collateral
- 3 guarantors needed
- Applicable to members in Contract and permanent and pensionable terms of engagement.
Multiplier 5 times your shares
SALARY ADVANCE
- Maximum amount is Kshs.50,000
- Two guarantors needed
- Salary must be processed through fosa account
- Maximum repayment period 12 months.
- Requirement of 1 pay slip.
- Minimum salary Kshs.3,200
- For loan amount above ksh 20,000 members are required to add additional two guarantors.
