Motocycle Loan
Many areas in this region have poor transport options, making travel difficult. Our Motorcycle Loan helps members get a reliable and fast way to move around. Once a member completes all the required steps, the SACCO buys the motorcycle for them. This makes it easier for people to travel, do business, and improve their daily lives.
Requirements
- Loan amount is between 2,500,000 -50,000,000.
- Loan period of 1- 24 months.
- A client pays 30% of the total cost of a motorcycle or pays 1,000,000 and the institution pays the top up.
- Interest rates of 2.8% with declining balance.
- Repayment mode – Monthly.