Description

This facility enables members to purchase private quality cars through co-ownership with the Sacco.

Features

• Loan issued at 3 times of one’s deposits.
• Repayment- 48 months
• Interest rate- 1%p.m on reducing balance
• Original logbook act as security.
• Financing between Kshs.300, 000- Kshs. 7,000,000.Max
• Age Limit of vehicle 9 Years
• Sacco finances up to 90%  for new vehicles
• Sacco finances up 80% for used vehicles
• Valuation report, Transfer or Import documentation to be attached
• Disbursed within a Month
• Must be Comprehensive Insurance through appointed Insurance Agent by the Sacco
• Importation documents of the car 
• Member must have saved for at least 6 Months (BOSA) 
• KRA PIN for both seller and buyer (If not importing with AA Japan or Maridady Motors)
• Dully signed Transfer forms, charges will  apply according to prescribed KRA Rates
• Member to bear Logbook & Car Track Charges