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Re-Financing Loan

PRODUCT FEATURES

  • An addition to the normal loan
  • Maximum amount :- Ksh 1 Million (1st refinancing) and Ksh 500,000 ( 2nd refinancing)
  • Interest rate:- 1% p.m. on a reducing balance
  • Repayment period:- period remaining from the time the original normal loan was granted
  • Normal loans can only be refinanced twice during their lifetime