Long Term Loans

This is a product designed to empower drivers/members to take on development projects with long term benefits like Revenue generation investments, purchase/Construction of Homes for their family, purchase of additional cars/Motorbikes to put on the platform etc.

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Terms and Conditions

  • Repayment period of 72 months.

  • Affordable Interest rates on reducing balance.

  • Maximum entitlement is 3 times total non-withdrawal deposits plus shares.

  • Guarantors and acceptable collaterals required.

  • Terms and conditions on self- guarantee apply.

Qualification

  • Minimum Gross revenue of ksh.60,000 on the driver’s app per month.

  • Driver’s account should be active at least 6 months prior to loan application.

Benefits

  • Manageable repayment amounts.

  • Longer repayment period.

  • Interest is on a reducing balance.