Business Loan
REQUIREMENTS
Must be a member Must have an active Saving A/c Must fill a loan application form Must bring a copy of valid national identity card & pass port photo Must bring an original land/plot agreement stamped by LC1 or land Title & Collateral security must be assessed Must have two active guarantors Loan application form must be signed by loan applicant, spouse, Guarantors, Chairperson & Secretary LC1. Must be aged 18-70 Possession of proof of business preferably trading license, Invoices, receipts or local purchase orderBENEFITS
- Loans at declining interest rate
- Insurance to Loan granted
- Pre- disbursement training to applicant
- Annual gifts to good loan payers
- Inter branch services (bank & withdraw at any Branch)
- Mobile banking all day & night by dialling *255*31#
- Waiving of loan interest for anyone who wish to clear loan before period.
- Loan top up services with waiving of interest rate.
- Opportunity to process second loan like Emergency, Water & sanitation, Kyapa loan)
