- July 23, 2019
- Posted by: Longitude Sacco
- Category:
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Conditions
- Pegged on three times of the borrower’s normal shares
- This loan is repaid up to a maximum period of 48 months
- The society charges an interest of 1% per month on a reducing balance
- No ceiling on the amount on for a loan
- Loan application must be supported by the member’s latest two (2) payslips.
- The loan must be fully secured by at least two (2) guarantors
- Processing fee of 0.4% shall be charged on the loan applied.