{"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
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 <\/p>\n\n\nLUMPSUM 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> <\/div>\r\n