HomeservicesLoan ProductsProduct Loan

Product Loan

  • July 23, 2019
  • Posted by: Longitude Sacco
  • Category:
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Conditions

 

  1. The member MUST attach quotation on the application form
  2. Product loans are repaid within a period of 12 months.
  3. The SACCO charges an interest of 1% per month on reducing the balance
  4. The upper limit is determined by the member’s ability to repay.
  5. Loan application MUST be supported by the member’s latest two (2) payslips or any other verifiable income.
  6. The loan MUST be fully secured by at least two (2) guarantors
  7. Processing fee of 0.4% shall be charged on the loan applied.