Features
Access up to KES. 150,000. (The amount you qualify for is subject to individual scoring)
Application is done through the USSD CODE *882#, the QC Wallet app or Internet Banking.
Minimum qualifying membership of 6 months with regular monthly contributions to the SACCO
You should be registered for mobile banking services (QC - WALLET)
Comfortable repayment period of up to 3 months (90 days)
You are free to pay any amount that you are comfortable with within the period, but must clear the outstanding loan balance by the end of the third month (90 days)
An Interest charge of 5% on access
The loan is considered defaulted on if/after the 90th day the loan has not been fully paid
Funds will be disbursed to your FOSA account
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