Veteran Loan

1. A member must have been contributing for the last 6 months. Through standing order. Minimum deposit contribution of KES.10,000.
2. A member qualification for loan will be pegged on the amount of contribution in the pre-authorised direct debit equated to the six (6) months.
3. Interest rate of 1% per month on reducing balance.
4. 48 months maximum repayment period.
5. Thorough evaluation on eligibility will be done before advancement.
6. Recoverable within the Parliamentary term, in particular the loan must be below or equal to the shares by the end of the term.

Other Loan features include

* Members maximum loan/Product at 30 M.
* Insurance charge at 1.5% (one off).
* Mode of payment is Check off ,pre-authorised direct debit and Mileage deductions.
* Recoverable within the Parliamentary term, in particular the loan must be below or equal to the shares by the end of the term

Download Loan Application Form here.