The product is designed to facilitate Sacco members to purchase land and construct/purchase residential houses and commercial buildings.
- Loan limit of Ksh 50,000,000
- Multiplier of X5 member deposits
- Interest rate is 1.15% per month on reducing balance
- Maximum repayment period of up to 84 months
- Collateral to be by way of first legal charge on the property being financed and/or another property
- Facility finances up to 100% of the project
- Shareboosting of up to 40 % of member deposits for members wanting a higher loan amount but have less deposits
