Member shall pay ONLY 5% commission on the Loan balance.
In this case, a member can get a new loan before the earlier existing one is fully paid. The existing loan must have been paid halfway.
Appraisal fee is 1% of applied loan or minimum of Ksh.500 to a maximum of Ksh.20,000.
This product cuts across short, medium and long term loans, and the conditions of these products shall apply.