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).