Club Special Loan
Get a loan of up to five times your savings and take your investment club to new heights
Is your chama or investment group/ club trying to finance a development project whether it is to purchase land, development of property or other viable investment?
The Co-op Club Special Loan is designed to help chamas reach new heights. Get a maximum loan amount of up to 50 million or five times the group’s savings with a repayment period of up to 72 months.
Features
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– Maximum loan amount of up to 50 million or 5 times the group’s savings
– Repayment period of up to 72 months
– 100% financing of the project cost
– Affordable interest rate
– The loan is accessible to groups as a corporate bodySecurity
The securities acceptable to the Bank under this loan product include:-
– Cash
– Shares quoted in the Nairobi Securities Exchange.
– Residential Properties
– Commercial Properties
– Land
– Supported Debentures
– Chattels Mortgages on Motor Vehicles, Machinery, etc.
– Guarantees supported by Tangible Securities.
– Approved Overseas Guarantees
– Treasury Bills & Treasury Bonds
– Approved Endowment Insurance Policies.Product Fact sheet
PRODUCT INTEREST RATE APPLICATION/ NEGOTIATION FEES
APPRAISAL FEES MAX. TENOR CLUB SPECIAL 13% Reducing balance None 3% 60 months
