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KMA SACCO Members Loan Application free printable template

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O BOX 413 - 00202 Email kmasacco kma.co. ke NAIROBI LOAN APPLICATION FORM INSTRUCTIONS TO APPLICANTS 1. 4. Defaulting on the loan for one month without formal communication to the KMA SACCO will make the loan due in full immediately. In connection with this loan and/or maintaining a credit facility with me KMA SACCO may carry out credit checks with the Credit Reference Bureau. Complete this loan application form PART A- G in CAPITAL LETTERS. Any alteration MUST be countersigned. 2. Members...
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How to fill out KMA SACCO Member's Loan Application

01
Obtain the KMA SACCO Member's Loan Application form from the SACCO office or website.
02
Fill out your personal details including your name, membership number, and contact information.
03
Specify the loan amount you wish to apply for and the purpose of the loan.
04
Provide information about your income and any other financial obligations.
05
Include details of any collateral you are offering in support of the loan application.
06
Sign and date the application to certify that all information provided is accurate.
07
Submit the completed application form to the designated officer at KMA SACCO.

Who needs KMA SACCO Member's Loan Application?

01
Current members of KMA SACCO looking for financial assistance.
02
Individuals who require funds for personal, business, or educational purposes.
03
Members seeking to make investments or cover unexpected expenses.
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People Also Ask about sacco loan application form download

CREDIT PRODUCT REVIEWS Loan TypeNew Annual Interest RateLoan Tenor (Months)Normal12% reducing balance60Mwangaza (non-scheme)14% reducing balance48Mwangaza (Scheme)13.9%72Premium13% reducing balance853 more rows
Loan application eligibility The general requirement is that one must have been a member of the Sacco for period of three months for individual members and 6 months for Corporate members. One must fulfill all requirements of a specific loan product.
a) The loan amount will be 4 times of deposits. d) The loan will be secured by 4 guarantors.
1-month to 3-months due to the process involved.
Interest rate of 9.6% per annum flat rate. Loan repayment period of 24 months.

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KMA SACCO Member's Loan Application is a formal request submitted by members of KMA SACCO to apply for a loan, detailing the amount requested and the purpose of the loan.
All members of KMA SACCO who wish to obtain a loan are required to file a KMA SACCO Member's Loan Application.
To fill out the KMA SACCO Member's Loan Application, members must provide accurate personal information, specify the loan amount requested, state the intended use of the loan, and submit any required supporting documents.
The purpose of the KMA SACCO Member's Loan Application is to assess the financial needs of the member, determine eligibility for the loan, and facilitate the loan issuing process.
The KMA SACCO Member's Loan Application must report personal identification details, loan amount requested, purpose of the loan, repayment terms, and any other required financial information.
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