These loans are granted to members to help them pay for their car insurance.

Features

• Minimum Loan shall be Kshs.30, 000/-
• Interest rate: 3% p.a. above the normal lending rate.
• Must be supported by relevant documents.
• Insurance Premiums cheques shall be issued in the name of the Insurance Company or Agency.
• Repayment period: maximum period of 12 months.
• The maximum loan granted will be equivalent to the cost of insurance premiums.
• Loan must be guaranteed by a minimum of three guarantors.