In order to enhance greater value to SACCO Investors, the SACCO shall revise downwards the loan interest rate for Asset Finance, Equity Release, Kitengela Plots, Swift Development and Mid-Term Swift Development loans to 14% p.a. effective 1st January, 2018
Existing loans whose repayment is up to date will automatically move to the reduced interest rate for the remaining period of the loan. The SACCO will not extend the repayment period but investors are free to clear the loans earlier with no penalties.
Investors with loan arrears are required to update their loan account(s) by 31st December, 2017 in order to benefit from the reduced interest rate.
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