{"id":606,"date":"2021-10-31T06:44:01","date_gmt":"2021-10-31T06:44:01","guid":{"rendered":"https:\/\/amrefsacco.org\/?post_type=loans&p=606"},"modified":"2024-06-26T09:56:21","modified_gmt":"2024-06-26T09:56:21","slug":"school-fees-loan","status":"publish","type":"loans","link":"https:\/\/amrefsacco.org\/loans\/school-fees-loan\/","title":{"rendered":"School Fees Loan"},"content":{"rendered":"\n

Caters for primary and secondary fees.
\u2022 Maximum Amount: 3.5 times member\u2019s deposits.
\u2022 Maximum period: 12 months.
\u2022 Interest charged: 1% p.m. on a reducing balance.
\u2022 Loans security accepted: guarantors.
\u2022 The fee structure should be attached.<\/p>\n\n\n\n

External Lumpsum Deposits Waiting Periods<\/strong><\/strong><\/h4>\n\n\n\n

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:<\/p>\n\n\n\n

LUMPSUM AMOUNT (KES)<\/strong><\/td>WAITING PERIOD<\/strong><\/td><\/tr>
500,000 and below<\/td>Zero waiting period<\/td><\/tr>
500,001 to 2 Million<\/td>30 days<\/td><\/tr>
Above 2 Million<\/td>60 days<\/td><\/tr><\/tbody><\/table>
<\/figcaption><\/figure>\n\n\n\n

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