- info@majaneessaco.com
- Limuru , Mabroukie Tea Factory
- +254 745 537 367
- +254 743 588 078
- +254 745 239 348
Term Contract Loan
Term Contract Loan
The Term Contract Loan at Majanees RNWDT SACCO LTD is tailored to support members with specific contractual financial needs. This loan provides substantial funds with favorable terms, making it ideal for projects or commitments requiring a significant financial outlay.
Key Features
- Loan Amount: Up to 1.5 times the member’s deposits.
- Repayment Period: Based on the term contract, typically aligned with the project’s duration.
- Eligibility Requirements:
- Minimum of 6 months of contributions.
- Active membership status.
- Three permanent guarantors.
Benefits
- Substantial Funding: Provides a large loan amount to support significant projects or contractual commitments.
- Aligned Repayment: Repayment terms are designed to match the contract period, ensuring manageable payments.
- Specific Support: Tailored for members engaged in term contracts, offering financial support for project completion.
- Competitive Terms: Favorable loan conditions make it an attractive option for eligible members.
Eligibility and Application
- Eligibility: Must be a member of Majanees RNWDT SACCO with at least 6 months of contributions and three permanent guarantors.
- Application Process: Complete the loan application form, provide necessary documentation, and meet the eligibility criteria.
- Processing Fee: Applicable fees as per SACCO’s lending policies.