Car loan facility enables members to purchase quality vehicles through co-ownership with the Sacco:

• Security- Original logbook
• Age limit of vehicle is 8 years
• Valuation report, transfer or import documentation be attached
• Full comprehensive insurance cover and car tracking device through Sacco is must.
• The value for the vehicle to be considered is 50%
• The motor vehicle must be comprehensively insured by a reputable Insurance Company acceptable to the Sacco for the period of the loan.
• All the charges pertaining to the administration of the collateral shall be borne by the borrower
• The maximum repayment period is 3 years
• Terms and conditions apply