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).
• No guarantors required for amounts below KSh 50,000.
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|