Bridging Finance

This facility enables members to apply for new loans after paying a long-term loan for a specific period. It also enables a member to combine various loans into one so as to ease their financial obligation.  The rates are as follows :

  •   At 50% of the repayment period or the outstanding balance at 5% one-off interest.
  • At 35% of the repayment period or the outstanding balance at 6% one-off interest.
  •   At 18% of the repayment period or the outstanding balance at 7% one-off interest.

The bridged amount shall be recovered in full from the proceeds of the new loan.

External Lumpsum Deposits Waiting Periods

A member who wishes to top up a lump sum amount to their member deposits  account with the intention of borrowing a loan will be subject to the following waiting periods:

LUMPSUM AMOUNT (KES)WAITING PERIOD
500,000 and belowZero waiting period
500,001 to 2 Million30 days
Above 2 Million60 days

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