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Salary Personal Loan

The product is crafted for members to use their monthly FOSA remittances to acquire loan.

Features

The maximum amount one qualifies for is KES. 1 million

Qualifying amount is 5 (five) times the monthly FOSA remittance

The Interest rate is 14.5% p.a. on reducing balance

The repayment period is 12 months (1 year)

The Loan is secured by the borrower and guarantors' deposits

Application shall be done on the Salary Personal Loan form

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