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Normal Development Loan - Investobrain Sacco

Normal Development Loan

  • Normal development loans are processed within a month from the date of receipt of the loan application form.
  • Maximum loan repayment period is forty eight (48) months.
  • Loan granted is three times the member’s savings less all outstanding loans provided that two third rule is not violated.
  • The maximum loan granted shall be Kshs. 2,500,000.
  • Interest rate is 1.5% per month.
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