Insurance Financing Loan
This facility is offered in partnership with the CIC insurance group for motor private, motor commercial, and other non-motor types of insurance, including Medical, Home, Business, and personal accidents.
• Maximum amount – As per insurance premium.
• Maximum period – 6 months.
• Interest charged – 5 % fixed (one off). Note: the interest is charged upfront.
• No guarantors required for amounts below KSh 50,000.
External Lump Sum 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 |
