ZIDISHA LOAN

• This Loan gives members access to a new, bigger loans on fresh terms, i.e. maximum repayment period of 72 months.
• Zidisha loan is applicable to members who wish to apply for a loan while still servicing a previous loan EXCEPT for Normal and Long-Term loans.
• A member should have paid the previous loan for a period of three months
• A commission of 5% is charged on the outstanding balance.
• The Zidisha loan falls under the normal terms applicable to all loans.
• Zidisha is within 5 days from the date the correctly filled loan application form and all required attachments were received.
• Zidisha loans are processed as received.
• Repayment period is 72 months at an interest rate of 1.17% per month on a reducing balance.
• Maximum Entitlement is 4 times the member’s deposits, less commission of 5%, less outstanding loan balance
• The Maximum limit is Ksh. 5 million.