Group Loan

Repayment period :

• š72 months

Interest rate/Charges:

• š14.00% p.a. on reducing balance

Fees Chargeable:

• šAppraisal and Processing

Guarantor Level:

• š100.00%;

šGroup Self Guarantee (75.00%);

• šGroup Members’ Guarantee

Loan Ceiling:

• šX 3 of Group Savings

Normal Loan

Repayment period :

• š48 months

Interest rate/Charges:

• š12.00% p.a. on reducing balance

Fees Chargeable:

• šAppraisal and Processing

Guarantor Level:

• š100.00%;

šMember Self Guarantee (75.00%);

• šOther Members’ Guarantee

Loan Ceiling:

• šX 3 of Group Savings

Development Loan

Repayment period :

• š60 months

Interest rate/Charges:

• š12.50% p.a. on reducing balance

Fees Chargeable:

• šAppraisal and Processing

Guarantor Level:

• š100.00%;

Member Self Guarantee (75.00%);

• šOther Members’ Guarantee

Loan Ceiling:

• šX 3 of Group Savings

Emergency Loan 1

Repayment period :

• š12 months

Interest rate/Charges:

• š16.00% p.a. on reducing balance

Fees Chargeable:

• šAppraisal and Processing

Guarantor Level:

• š100.00%;

Member Self Guarantee (75.00%);

• šOther Members’ Guarantee

Loan Ceiling:

• šX 3 of Group Savings

Repayment period :

• š1 month

Interest rate/Charges:

• š7.00% per month fixed rate

Fees Chargeable:

• šAppraisal and Processing

Guarantor Level:

• š100.00%;

Member Self Guarantee (75.00%);

• šOther Members’ Guarantee

Loan Ceiling:

• šX 3 of Group Savings

Quick Loan

Repayment period :

• š3 months

Interest rate/Charges:

• š5.00% per month fixed rate

Fees Chargeable:

• šAppraisal and Processing

Guarantor Level:

• š100.00%;

Member Self Guarantee (75.00%);

• šOther Members’ Guarantee

Loan Ceiling:

• šX 3 of Group Savings

School  Fees Loan

Repayment period :

• š12 months

Interest rate/Charges:

• š15.00% p.a. on reducing balance

Fees Chargeable:

• šAppraisal and Processing

Guarantor Level:

• š100.00%;

Member Self Guarantee (75.00%);

• šOther Members’ Guarantee

Loan Ceiling:

• šX 3 of Group Savings

Super Emergency Loan

Repayment period :

• š20 months

Interest rate/Charges:

• š16.00% p.a. on reducing balance

Fees Chargeable:

• šAppraisal and Processing

Guarantor Level:

• š100.00%;

Member Self Guarantee (75.00%);

• šOther Members’ Guarantee

Loan Ceiling:

• šX 3 of Group Savings

Super Quick Loan

Repayment period :

• š5 months

Interest rate/Charges:

• š5.00% per month fixed rate

Fees Chargeable:

• šAppraisal and Processing

Guarantor Level:

• š100.00%;

Member Self Guarantee (75.00%);

• šOther Members’ Guarantee

Loan Ceiling:

• šX 3 of Group Savings

Super School Fees Loan

Repayment period :

• š20 months

Interest rate/Charges:

• š15.00% p.a. on reducing balance

Fees Chargeable:

• šAppraisal and Processing

Guarantor Level:

• š100.00%;

Member Self Guarantee (75.00%);

• šOther Members’ Guarantee

Loan Ceiling:

• šX 3 of Group Savings

The Polytech Sacco Society Ltd was inaugurated in 1972 and officially registered under the registration No. Cs 2046 as a Sacco with the ministry of Cooperative Society Act 490, No 12 in 1997. To date the membership has grown leap and bounds. Since then it has undergone changes of its by-laws to make it better