mCASH loan
mCASH loan is a mobile loan product which allows member to borrow through the phone.
Features:
- Maximum limit is kshs 35,000/=.
- Minimum limit is kshs 1,000=.
- Qualifying loan is up to 50% member's deposit.
- Interest rate is 0%.
- One-off facility fee of 5%(upfront).
- Payable within 1 month with a rollover option.
- Can access 3 loans at the same time within the limit.
- Full Sacco membership of at least 3 months.
- To be register with M-sacco (Mobile banking platform).
Instant on mobile loan
Instant on mobile loan is a mobile loan product which allows member to borrow through the phone.
Features:
- Maximum limit is kshs 100,000/=.
- Minimum limit is kshs 3,000/=.
- Qualifying loan is up to 25% member's deposit.
- Interest rate is 5% monthly on reducing balance.
- Maximum repayment period is 3months.
- Can access 3 loans at the same time within the limit.
- Full Sacco membership of at least 3 months.
- To be register on M-sacco (Mobile banking platform).
Thibiti loan
Thibiti loan is a mobile loan product which allows member to borrow through the phone.
Features:
- Maximum limit is kshs 200,000/=.
- Minimum limit is kshs 20,000/=.
- Qualifying loan within self guarantee is up to 50% member's deposit.
- Qualifying loan within guarantor is up to 100% member's deposit.
- Interest rate is 2.5% monthly on straight line.
- Maximum repayment period is 12months.
- Can access 1 loan.
- Full Sacco membership of at least 3 months.
- To be register on M-sacco (Mobile banking platform).