INSTITUTION LOAN
REQUIREMENTS
Must be a member Must have an active Saving A/c Must fill a loan application form Each signatory must bring a copy of valid national identity card & pass port photo 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 Must be with running loan and being paid as per schedule Valid registration certificate photocopy Institution resolution with minute to borrowBENEFITS
- 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)
