This product is for the purpose of paying School fees ONLY.
- The member MUST attach fees structure/s on the application form
- School fees loans are repaid within a period of 12 months.
- The SACCO charges an interest of 1% per month on reducing the balance.
- The upper limit is determined by the member’s ability to repay.
- Loan application MUST be supported by the member’s latest two (2) pay slips or verifiable income.
- 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.