Home Improvement Loan

This is a loan for purchase of household asset, repair or maintenance of property.

  • Household assets to form part of security.
  • Comprehensive insurance on assets acquired and used as security mandatory.
  • AWE Diaspora Sacco must be noted as loss payee on insurance policy
  • Valuation of assets mandatory.
  • Subject to 3 times member savings
  • Repayment period is 12 months.
  • Interest rate is 1% per month or 12% per annum on reducing balance
  • Loan processing fee is 1% of the loan amount
  • Loan insurance fee is 1% of the loan amount per annum.
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