Veteran Loan

1. A member must have been contributing for the last 6 months. Through standing order. Minimum deposit contribution of KES.10,000.
2. A member qualification for loan will be pegged on the amount of contribution in the standing order equated to the six (6) months.
3. Interest rate of 1% per month on reducing balance.
4. 48 months maximum repayment period.
5. Members will be advance a maximum of two and a half (2.5) of their deposits. Subject to the prevailing maximum.
6. Thorough evaluation on eligibility will be done before advancement.
7. Recoverable within the Parliamentary term, in particular the loan must be below or equal to the shares by the end of the term.

Other Loan features include

* Members maximum loan/Product at 20 M.
* Insurance charge at 1.5% (one off).
* Mode of payment is Check off ,standing order and Mileage deductions.
* Non -check off members. Members will be advance a maximum of two and a half (2.5) of their deposits.
* Recoverable within the Parliamentary term, in particular the loan must be below or equal to the shares by the end of the term

Download Loan Application Form here.