DEPOSIT SCHEME

The registration fee for this scheme is 500 and a minimum of 1000 and above member can use deposit share to acquire cheque encashments you can take a loan four times x4 your shares payable after 60 months it attracts higher dividends under this scheme one can find the fixed Amana and deposit quick loan.

Quick Loan Facility

Membership is open to members of Banki Kuu SACCO.  In order to join the scheme, one is required to fill in a membership application form and pay a registration fee of Kes100.  A member is required to make a minimum monthly contribution of Kes 1,000 and is eligible for a loan 4 times his/her shares repayable in 72 months at a commercial rate of interest.

 FEATURESPACKAGE DETAILS
 Registration Must be a member of the Deposit Scheme 
 Monthly Contributions Deposit Scheme Savings contributions
 Loan Eligibility After 3 months of continuous contributions
 Repayment 72 months
 Interest Rate 1.33% p.m reducing
 Loan Entitlement 4x Deposit scheme savings
Acceptable Security 
  •  Guarantor Shares
  • Applicant's Amana savings held in the Sacco
  • Title Deed for land purchased through Banki Kuu Housing Cooperative Society
 Restructuring & Top-ups Yes
 Top-up /Restructuring fee Yes, 2.5% One Off

 

  APPLY

 

CHEQUE ENCASHMENT FACILITY(CEF)

Encash your cheque against your deposit the facility is open to all members in any of the schemes. Members can encash their personal cheques against their deposits to a maximum of kes 30000 in the premium package kshs 50000 in the platinum package repayable within 30 days from the date of issue members will be required to enclose a cheque including 10 fee of the value of the cheque the fee will be charged at a flat rate regardless of the duration of the repayment period

 FEATURESPACKAGE DETAILS
 Registration

 Must be a member of Main Savings Scheme

 (Open to all members in any of the Schemes)

 Monthly Contributions Deposit Scheme Savings contributions
 Loan Eligibility After 6 months of continuous contributions
 Repayment 30 days from the date of issue with the option of rolling over upon payment of 10% 
 Interest Rate 10% of the cheque value
 Loan Entitlement 3.5x main scheme shares - Max. loan 200,000 Kshs.

 

  APPLY