LOANS
- Loan processing within 7 days after application.
- The interest rate for loans is 1% per month on reducing balance basis.
- Apply loans through email info@stpaulshg.org or office visit. Page 4 of 9
- Self – guaranteed loans (loans without guarantors) borrow loans up to a maximum of 95% of your savings. Guaranteed loans (loans with guarantors) borrow loans up to a maximum of three times your savings.
- St. Paul’s Self-Help Group ensures the loan cheque is deposited at your preferred bank account.
- A child account can guarantee the parent / guardian to borrow a loan.
- Loan applications do not attract cancellation penalties and disbursed loans do not attract early repayment charges.
SCHEDULE
LOAN REPAYMENTSCHEDULE
| Amount | Repayment Period |
| Below 50,000 | Maximum of 24 Months. |
| 50,000 – 499,999 | Maximum of 36 Months. |
| 500,000 – 999,999 | Maximum of 48 Months. |
| 1,000,000 and above | Maximum of 60 Months |
- Loans attract an interest of one per cent (1%) per month on reducing balance.
- Loan insurance fee is charged at 1% of the loan approved.
- Loan application fee is Ksh. 100.
- Both loan insurance fee and loan application will be deducted from the cheque amount.
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WHY CHOOSE US
We dynamically and innovatively promote the social economic welfare of our members by offering diverse and affordable financial services.
Passion to go the extra mile to delight our customers, build long term relationship and tailor products to meet their needs.
