CenteHome Improvement Loan
Product Features
- Minimum Loan Amount of UShs. 100,000.
- Maximum Loan Amount of UShs. 50 million.
- Repayment can be monthly, termly, or quarterly, depending on your cash flow streams.
- Maximum Loan period of up to 60 months (5 years).
- Insurance premium of 0.45% of the loan amount.
- Application fee of UShs. 20,000.
- Processing fees of 2% one off.
- Flexible grace period where applicable.
Benefits
- No monitoring fees.
- Attractive interest.
- Fast and easiest way to improve homes.
- Improves living conditions of customers
Requirements
- Applicant must have a home to improve.
- Security for the loan.
- Current or Savings Bank account.
- Completed loan application form.
- Payment of loan processing fees.
- National ID.
- Applicant must possess a source of income for servicing loan instalments.
- Applicant must be resident in the branch designated area of operation.