LOAN REFINANCING


These are loans granted to members who have existing loan. The Sacco will clear the existing loan(s) and advance the balance to the member.

  • The refinance loan must be up to date.
  • The loan period depends on the refinanced loan term.
  • A refinance fee of 5% is charged on the balance of the existing loan.
  • The general loans provision applicable to loan products applies to this.