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Boda Boda Loan

Imarika Sacco considers your convenience in accessing banking services.

BODA BODA LOAN

Loan is accessible to members interested to have motorbikes for business.
• Regular savings of not less than 3 months.
• Minimum shares/deposits Ksh.40,000.
• Maximum Loan amount is Ksh.150,000.
• Money paid to Asset company via cheque and applicant to attach proforma invoice.
• Maximum repayment period is 18 months.
• Interest rate is 1.34% p.m (17p.a). reducing balance.
• Processing fee 2% of loan applied for.
• The sacco will hold the logbook and surrender upon clearance of the loan.
• Loan security is member’s shares and guarantors’ savings plus asset.