Emergency loan facility is offered to members who require immediate financial assistance to manage unexpected and unforeseen events. It is designed to provide quick access to cash in times of emergency or for situations that arise without prior planning, helping members navigate through life’s uncertainties with greater ease and financial support when they need it most.
Loan Features:
- Loan Amount: Loan amount is 2 times the non-withdrawable deposits up to a maximum limit of Kshs 2 Million.
- Repayment Period: Maximum repayment period shall be 12 months.
- Interest Rate: Interest shall be charged on a flat rate basis.
- Collateral: Applied loan amount should be fully secured.