Sharia Loan
Maximum loan amount is 2 times members’ deposits.
Loan maximum repayment period is 36 Months
Zero interest and zero processing fee is charged on this loan
Minimum monthly contribution of Kshs. 5,000 and Kshs. 10,000 for loans above Kshs. 450,000 and Kshs. 1,000,000 respectively.
Members who apply for this loan are not eligible to get dividends and interest on deposits
Monthly account maintenance fees of KShs. 1000 (will be reviewed annually)
Members to save for at least 12 months before borrowing, with no shareboosting
