The Premier Loan product is for development purposes. It is given to members with good standing in the Society.
- Maximum loan amount one can borrow is up to 4 * Deposits up to Ksh. 20 Million.
- The repayment period is up to 72 months.
- The interest charged is 14% per annum on a reducing balance basis.
- The Security is the member’s own deposits and guarantors’ deposits.
- A member can have a maximum of 1 Premier Loan and 1 Normal Loan