· Interest rate: – 10 % per annum or (0.83% per month) on reducing balance
· Repayment period: – 48 Months
· Maximum Amount: – Kes.500,000/=
· Application: Online portal, https://portal.kimisitusacco.or.ke/
· Clearance: Clear all loans including outstanding M-Kimisitu loan.
· Processing: Within a day
· Offset Fees: 3%
Can be applied as a stand -alone loan
· Member should have saved consistently for at least 3 months
· Multiplier: All loans to be within ×3 of your deposits
· Loan to be fully guaranteed (Guarantors can sign online)
· Must provide evidence of ability to pay, i.e. latest certified pays lip or 6 months certified bank statements and standing order.
· Confirmation by the employer (can be done through email)
Product offer period: From 5th June to 6th September 2020.
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