Topup Loan
Don’t let your projects stall because you have exhausted your financing and still have a running loan. Top Up loan is tailored to satisfy members who need extra financing after taking up a Normal loan and there is still need for more project funds.
Benefits
Loan topups allows our members to.
- Get more financing for developements.
- Enjoy any changes to loan policies.
- Access additional funds from increased savings.
Allowed on all Products
Terms
Development Loans are issued under the following Terms and Conditions.
- Maximum entitlement is 3 times total deposits plus shares less any outstanding loans.
- Interest rate for top up at 12% p.a on reducing balance/Fixed rate.
- Period to be determined by the remaining repayment period of the existing loan.
- Guarantors required.
- You need to be a Sacco member for six months and have met the loan eligibility criteria.
- Terms and conditions on self-guarantee apply.
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