Personal Vehicle Loan

Loan must not exceed 80% of the current value of the vehicle to be financed
Valuation must be done by Sacco recommended valuer at Member’s cost
Joint Ownership of vehicle between member and sacco
Processing Fee o 1% of loan amount
Interest is charged at 1.5% per month on reducing balance
Loan term – 36 months for up to 1m and 48 months for over 1m
A copy of the Certified Insurance certificate must be produced