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School Fees Loan – Longitude Sacco
HomeservicesLoan ProductsSchool Fees Loan

School Fees Loan

This product is for the purpose of paying School fees ONLY.

 

Conditions

 

  1. The member MUST attach fees structure/s on the application form
  2. School fees 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.
  1. Loan application MUST be supported by the member’s latest two (2) pay slips or verifiable income.
  2. The loan MUST be fully secured by at least two (2) guarantors

vii. Processing fee of 0.4% shall be charged on the loan applied.