Salary Loans
- Available to salaried employees,
- Loan are up to Kshs 500,000/=
- Maximum repayment period:
- Below Kshs 300,000, 24months
- Above Kshs 300,000, 36 months
- Attractive Interest rate in reducing balance.
- 2/3 rule must apply.
- No security.
- Monthly Jijenge contribution of Kshs 500.
- Jijenge deduction 2% one off on loan issue
- For borrowers of Kshs 500,000, they must have at least Kshs 50,000 in Jijenge.
• Available to salaried employees,
• Loans are up to Kshs 10,000,000/=
• Jijenge monthly deduction of Kshs 2,000 for check off loans.
• For the other non-check off, Jijenge monthly contributions of Kshs 1,000.
• Maximum repayment period of up to 84 months
• 2/3 rule must apply
• Must be secured by either title deed, motor vehicle or fixed deposit
• Interest Rate on reducing balance.