Tangible Asset Loan

Loan must not exceed 80% of the current valuation
Valuation must be done by the Sacco recommended valuer at Member’s cost
Asset must be charged by Sacco lawyers
Processing Fee at 1% of loan amount
Interest is charged at 1.5% per month on reducing balance
Loan repayment term is dependent on the amount borrowed
A copy of the Certified Insurance certificate must be produce