Land/Plot Purchase Loan

This product is facilitated by the SACCO to empower members own a piece of land/plot.

  • For purchase of vacant property.
  • Land to form part of security.
  • Property must be freehold title or leasehold with at least 25 years outstanding
  • Valuation of land mandatory.
  • Subject to 3 times member savings
  • Repayment period is 48 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.