- info@majaneessaco.com
- Limuru , Mabroukie Tea Factory
- +254 745 537 367
- +254 743 588 078
- +254 745 239 348
Normal/Development Loan
Normal/Development Loan
Overview
The Normal/Development Loan at Majanees RNWDT SACCO LTD supports members in achieving their personal and professional development goals with favorable terms.
Key Features
- Loan Amount: Borrow up to three times your total deposits.
- Repayment Period: Up to 60 months (5 years).
- Interest Rate: 1% per month on a reducing balance.
- Refinancing Option: Available for existing loans.
Benefits
- Substantial Financial Support: Provides significant funds for large projects and expenses.
- Affordable Repayment: Extended repayment period and reducing balance interest rate make payments manageable.
- Flexible Use: Suitable for business expansion, home improvements, education, medical expenses, and more.
- Refinancing Benefits: Allows for better loan management under changing financial circumstances.
Eligibility and Application
- Eligibility: Must be a SACCO member with sufficient deposits and meet lending requirements.
- Application Process: Complete the application form with necessary documentation and guarantors.
- Processing Fee: 1% initial processing fee on the loan amount.
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Conclusion
Member The Normal/Development Loan offers generous amounts, affordable terms, and flexibility, making it an ideal choice for members looking to achieve their financial goals. Apply today with Majanees SACCOat Majanees SACCO are a pathway to financial security and community support, offering both savings growth and loan accessibility. Join us to secure your financial future.