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Swift Loan

Imarika Sacco considers your convenience in accessing banking services.

SWIFT LOAN

This loan is designed for salaried members having accessed big loans like normal, smart and other loan but still has intermittent financial needs and need longer repayment period.
• For BoSA salaried only, recoverable at FoSA
• Applicant must retain 1/6 of basic salary as net pay.
• Maximum repayment period is 36 months
• Interest rate is 1.25% p.m on reducing balance
• Maximum loan is 4 times the member’s deposits.