Business loan

Features

• • Maximum amount is Kshs. 5,000,000
  • Interest of 1.15% p.m. on reducing balance
  • Repayment period is 48 months
  • Applicant must have Fosa business account active for at least 6 months
  • Must have class A or B shares or must have Savings account and class A shares
  • The loan is guaranteed by loanee’s deposits and or collateral or guarantors deposits.
  • Must have the ability to service the loan either through salary/standing order.
  • 2% of loan value will be charged.
  • Collateral accepted is land title deed.

Terms and Conditions:

• Mode of Recovery: Check off or standing order.
• Fully guaranteed by deposits.