- info@majaneessaco.com
- Limuru , Mabroukie Tea Factory
- +254 745 537 367
- +254 743 588 078
- +254 745 239 348
School Fees Loan
School Fees Loan
The School Fees Loan at Majanees RNWDT SACCO LTD is specifically designed to help members manage the costs of education. This loan provides timely financial support to ensure that members can meet their educational expenses without financial strain.
Key Features
- Loan Amount: Determined based on the member’s deposits and eligibility criteria.
- Repayment Period: Up to 12 months within the calendar year.
- Interest Rate: 1% per month on a reducing balance.
- Purpose: Exclusively for covering school fees and related educational expenses.
Benefits
- Educational Support: Ensures that members can afford school fees and related costs, promoting educational advancement.
- Short-Term Repayment: Offers a manageable repayment period of up to 12 months, aligning with the academic year.
- Affordable Interest Rate: The 1% reducing balance interest rate keeps repayments reasonable.
- Timely Disbursement: Funds are made available promptly to meet immediate educational expenses.
Eligibility and Application
- Eligibility: Must be a member of Majanees RNWDT SACCO with sufficient deposits.
- Application Process: Submit the school fees loan application form along with necessary documentation, such as school fee invoices or receipts.
- Processing Fee: A 1% initial processing fee is charged on the loan amount.
Summary
The School Fees Loan from Majanees RNWDT SACCO LTD provides essential financial assistance for educational expenses. With its affordable interest rate, short-term repayment plan, and timely disbursement, it ensures that members can manage school fees effectively. Apply today with Majanees SACCO to secure your educational future.