Development Loan
Features of Wakulima Development Loan.
- Members account status (any form of regular payments, salary and frequent cash/cheque deposits) for one year will be considered.
- Member’s loan entitlement 3 times of unwithdrawable deposits.
- Interest rate at 14% per annum at reducing balance method.
- Maximum Repayment period upto 48 Months
- Loan appraisal and application fees at 2% of the amount approved.
- Other terms and Conditions may apply.