Higher Education Loan
Caters for college and university fees.
• Maximum Amount: 3.5 times member’s deposits.
• Maximum period: 24 months.
• Interest charged: 1% p.m. on reducing balance.
• Loan security accepted: Guarantors.
• The fee structure should be attached.
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 below | Zero waiting period |
| 500,001 to 2 Million | 30 days |
| Above 2 Million | 60 days |
