- Maximum amount is KES 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.
- Processing and Insurance fee of 2% of loan value will be charged.
- Collateral accepted are Motor Vehicle Log Book and land title deed.
Terms and Conditions:
- Mode of Recovery: Check off or standing order.
- Fully guaranteed by deposits.
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