Car Loan

This facility fulfills your dream of purchasing a Motor vehicle for private or commercial use.

Eligibility: Members who are at least 3 months old in the Sacco
Loan limit of Ksh.5,000,000
Multiplier of X4 member deposits
Interest rate is 1% per month on reducing balance
Maximum repayment period of up to 48 months
Up to a 100% financing
Shareboosting of up to 40 % of member deposits for members wanting a higher loan amount but have less deposits
Imports facilitated by the Sacco through reputable dealers
Age of the vehicle should not exceed 10 years from year of manufacture
The vehicle being purchased is used as collateral.
Processed within 48 hours for local purchases and between 4 to 8 weeks for imports