Umwalimu SACCO revised loans application forms and their updated guidelines for the clients.
Benefits
- Getting quick cash to make essential payment before monthly salary payment
- Automatic Processing after completing the request form
- Cash collateral (salary of the following month)
Features
- Having paid Share capital of Frw 10,000 + Frw 30,000 payable within the agreed terms
- Membership period: at least 2 months
- competitive interest rates
- Maximum repayment period up to 1 month and ceiling loan amount equivalent to 75% of your net salary
- Accessible at Umwalimu SACCO Branches and at Umurenge SACCOs.
Requirements
- Member’s salary passing in Umwalimu SACCO for at least 2 months
- A copy of Identity Card or passport for foreigners
- Having paid at least least Frw 10,000 of share capital
- Fill and sign the application form requesting the overdraft