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Development/Normal loan
This is an all-purpose loan facility advanced to all Members for improvement, development or investment. Best for first time borrowers who are looking into a long-term loan. Product features are;
Maximum loan amount of Kshs. 5.5M
Maximum entitlement is 3.5 times savings
Maximum repayment period of 72 months
Interest rate of 1% per month on reducing balance.
The deadline for submission of application form is the 25th of every month
This loan can offset another normal loan or a different type of loan.
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