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Mtandao Loan

Imarika Sacco considers your convenience in accessing banking services.

MTANDAO LOAN

• Designed for members interested to acquire and upgrade to modern communication gadgets like mobile phones, tablets, laptops (digital gadgets) etc.
• Maximum repayment 12 months
• Max. loan amount is Kshs. 100,000
• Interest rate is 1.25% p.m on reducing balance.
• Processing fee is 2% of loan applied for.
• Money paid to asset company via cheque and applicant to attach proforma invoice.
• 15% of loan applied should be in deposits.
• Existing laws of chattels applicable.