Instant on Mobile Loan
Instant on mobile loan is a mobile loan product which allows member to borrow through the phone.
- Maximum limit is kshs 100,000/=.
- Minimum limit is kshs 3,000/=.
- Qualifying loan is up to 25% member’s share deposit.
- Interest rate is 5% monthly on reducing balance.
- The Maximum repayment period is 3 months.
- You can access 3 loans at the same time within the limit.
- Full Sacco membership of at least 3 months.
- You must be registered on M-Sacco (Mobile banking platform).