The product is available for members with high savings, but with payslip limitations to service a loan for the required 6 years. The loan is awarded 5 times the members' savings and recovered in 7 years (84 months).
Interest rate on this loan is 1.16% P.M on reducing balance. Effective annual rate for this loan is 8.1%. Members on this loan should remit 5,000/= to the SACCO as minimum share deposit contributions per month.
Ushuru Sacco Paybill