Back
 

Karibu Loan

Imarika Sacco considers your convenience in accessing banking services.

KARIBU LOAN

• Designed for new check- off members with low deposits/shares in Imarika but interested in big projects/investments/ development.
• Assessment depends on salary ability, ensuring 1/3 remains.
• 25% of the loan is retained as member deposits and 75% as take home.
• Interest 1.16% p.m. on reducing balance.
• Maximum repayment period is 48 months.
• To qualify, at least one monthly deposits/ shares has to be made through check off.
• Processing fee 1% of loan applied for.