This is a product that Co-operative Bank has specifically tailored to help Sacco members, through their Saccos, meet any arising school fees needs.

Six months after opening an Education Scheme Collateral Standard Account, the Sacco becomes eligible to qualify for a loan worth 2 times the deposit amount that it holds with the Bank.

This product shows the Bank's recognition of Saccos as special customers of the bank whose needs deserve to be prioritized.

Benefits

• The loan is processed within 7 working days if all loan application requirements are met.
• There is a low interest rate, charged on a reducing balance basis.
• The loan is repayable over a 12 months period.