{"id":608,"date":"2021-10-31T06:46:47","date_gmt":"2021-10-31T06:46:47","guid":{"rendered":"https:\/\/amrefsacco.org\/?post_type=loans&p=608"},"modified":"2022-10-07T08:18:08","modified_gmt":"2022-10-07T08:18:08","slug":"insurance-financing-loan","status":"publish","type":"loans","link":"https:\/\/amrefsacco.org\/loans\/insurance-financing-loan\/","title":{"rendered":"Insurance Financing Loan"},"content":{"rendered":"\n
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.
\u2022 Maximum amount – As per insurance premium.
\u2022 Maximum period – 6 months.
\u2022 Interest charged – 5 % fixed (one off).
\u2022 No guarantors required for amounts below KSh 50,000.<\/p>\n\n\n\n
A member who wishes to top up a lump sum amount to their member deposits\u00a0 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>