PURPOSE- Clients who have got emergency needs eg clearing taxes, payment for air ticket etc. Processed in not more than six hours.
TERMS AND CONDITIONS1. MAXIMUM AMOUNT: SHS 5,000,000 (Five million shillings)
2. MAXIMUM PERIOD: 1 month | Must be processed in less than 6 hours
3. INTEREST RATE: 15% flat
4. TYPE OF COLLATERAL NEEDED: Secured by only car log books. Vehicle is parked at the bank premises until client clears the loan.
5. CLIENTELE CATEGORY: individuals both employed and self-employed, companies, only repeat clients
6. GUARANTORS NEEDED: 1 guarantor and spouse
7. SECURITY EVALUATION:
i. Car search and valuation must be done.
ii. Car value must be double the loan amount.