• To access this product, one must have been a member for at least 12 months.
• The member will identify the asset of purchase(new).
• The Sacco shall carry out valuation (at the borrower’s cost) of the asset to determine the value and to what extend the asset can guarantee the loan as per the credit policy.
• The Sacco shall have the loanee sign a loan agreement prepared by a Lawyer identified by the Sacco.
• The Sacco will ensure the property is comprehensively insured and where need be tracking is installed to the asset at the Borrower’s cost.
• Loan to be issued within times three of the members deposits.
• Interest rate to be 1.25% reducing balance.
• There shall be one-off 1% appraisal fee on amount applied ❖ Repayment period shall be 48 months or less.

Other finer details to be as stipulated in the credit policy.