Have maintained an account with Eagle’s Eye Sacco.
Terms and conditions for development loan shall apply.
The balance shall be recovered in full from the top-up before the loan is granted.
Requirements
A duly completed loan application form.
The applicant should have cleared 75% of the previous development loan to qualify for refinancing.
Attach ID copies of both the applicant and the guarantors.
For a top up/refinancing loan, the development loan requirements apply.
Key Take Aways
This loan is granted by the Sacco and must be fully secured either by guarantors who are members of this Sacco or by use of collateral. Collateral includes a title deed or a logbook.
The applicant is required to have been an active member of the Sacco for a minimum period of 6 months.
The member’s credit history is a major determinant for this and other future loans.
This loan is issued to an individual or corporate, member that is unable to finalize a project with the loan earlier taken and needs a top up to finish the project.
The balance shall be recovered in full from the top-up before the loan is granted.