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Normal loan

Aps Baraka Sacco > Products > Normal loan

Normal Loan

Normal loan is given to any member who is eligible as per his/her deposits (issued three times the deposits), and has no other normal loan. Maximum repayment period for this type of loan is 60 months. It takes 48 hours for this loan to be approved after application.

Applicant Requirements include:

  • Repayment period shall be 1 to 60 months.
  • Members are entitled to 3 times your deposit.
  • No supporting documents required.
  • No collateral security required.
  • 15% Interest Rate (Straight Line) amounting to maximum of KSHS. 200,ooo.
  • 16% Interest Rate (Reducing) more than KSHS. 200,ooo.

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