This facility fulfills your dream of purchasing a Motor vehicle for private or commercial use.
Eligibility: Members who are at least 3 months old in the Sacco
Loan limit of Ksh.5,000,000
Multiplier of X4 member deposits
Interest rate is 1% per month on reducing balance
Maximum repayment period of up to 48 months
Up to a 100% financing
Shareboosting of up to 40 % of member deposits for members wanting a higher loan amount but have less deposits
Imports facilitated by the Sacco through reputable dealers
- Age of the vehicle should not exceed 10 years from year of manufacture
- The vehicle being purchased is used as collateral.
- Processed within 48 hours for local purchases and between 4 to 8 weeks for imports