CAR LOAN
• This loan is purely for personal cars. Maximum limit is Kshs. 3 Million
• Cars aged 0 – 3 years to be repaid within 48 months
• Cars above 3 years to be repaid within 36 months.
• In addition to the purchase required price, members will also be to meet the following costs:
1. Joint car insurance by CIC Group at 4% of the value of the car
2. Valuation fees of Kshs.3500/=
3. Installation of car tracking device at Kshs. 30000/=
NB: The above amounts must be paid to the Sacco, if not yet incorporated in the total amount applied, before the vehicle is released to the member.
