This loan is available to members who have a gross annual salary of K50,000 per annum. This is similar to the current 1:2 ratio loan.
Where a member has K1,000 in his/her savings accounts, he/she will be now able to get a loan of K5,000. The maximum loan term for this product is 36 months (3 years).

Requirements when applying

  • Fully completed application form
  • Provide 3x recent pay slips
  • Confirmation letter of employment
  • Proof of ownership of personal asset for security
  • Provide a minimum of 12 months bank statement (first time borrower)

Service turnaround time for processing 1:5 application is 5 business working days (excludes public holidays and weekends).


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