This is a loan granted to members three times of non-withdrawable deposits and funds will be used for purpose of acquisition of personal or business automobiles.
Features
- 3 times the non-withdrawable deposits up to a maximum of Kshs 5 million
- Maximum repayment period of 36 months for vehicles with 2000 cc and 48 months for vehicles above 2000 cc
- Interested shall be charged on amortized rate
- Loan must be fully guaranteed