School Fees Loans

The is purpose of the education loan is to provide short-term finance for education of the members and their dependents in schools, colleges and universities.

Features

  • No maximum amount
  • Repayment period - 12 months
  • Interest rate on a reducing balance 
  • Fees structure should be attached as proof of school fees
  • Cheques are raised in the name of the school where applicable
  • Only one school fees loan may be granted at any one time

BENEFITS

Reducing Balance Interest rate 
No hidden Charges
Fast Processing 
Flexible repayment
Clear Terms and Conditions

Requirements

  • You need to be a Sacco member (Open an account if not yet a member).
  • A duly completed loans application form
  • Original ID Card as well as a copy
  • Loan Documents needed to complete the application
  • Shares and Deposits 

Loans Available

  • School Fees Loan payable within 1 year
  • Higher Education Loans to facilate purchase of items such as laptops, and pay the semester fee

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