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Home Loan Requirements

Loan Requirements

Loan Requirements

What you need

Security

1. Member deposits

2. Guarantor’s deposits

3. Additional collateral if necessary

This credit facility enables our members to meet the financial obligations, which require money.

Required

  • Minimum 6 months of saving before applying for a loan.
  • Share capital of at least Ksh 2,000 before borrowing.
  • Loans are granted based on the member’s savings and ability to repay.
  • Fixed interest rate of 1% per month.
  • Loan repayment should be made on time to maintain a good standing.

Our Objective

Smart Sacco aims to redefine financial wellness and empower members for life.

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