School Fees Loan

School Fees Loan


Features

  • › Available to all SACCO members
  • › Loan term 18 months
  • › Documentary evidence for school fees required
  • › Processed and disbursed in few Minutes


Benefits

  • › A Cheque is written in favor of the school/College/University
  • › A Member can request for an amount of up to 15% of the loan for other non-fees expenses to be credited directly to the account
  • › No security required
  • › Applied, approved and disbursed within a day
  • › Can be topped up before maturity
  • › Access loan up to 4 times your savings


Requirements

  • › Be a Kenyan citizen with a valid National ID or Passport
  • › Latest original pay slip
  • › 2/3 rule applies
  • › For amounts above KES 100,000 salary must be channeled through Mentor Sacco