Loan Product

01


Development Loan

Development loan is designed for developmental purpose. It enable you to purchase or build house, purchase a plot of land, buy a car or motor bike, start a business, boost your business/project or even large-scale farming.

Features of Development Loan

  1. Be a Sacco member with consistent contributions for a minimum of 6 months
  2. You will be eligible for a loan of up to three (x3) times of your MAIN SAVINGS ACCOUNT up to a maximum of SSP. 50 Million.
  3. The loan shall attract interest rate of 18% per annual.
  4. The repayment period shall be a maximum of 48 months.
  5. Pay a non-refundable loan processing fee 2% of the loan amount.
  6. Show proof of ability to repay by providing supporting documents.
  7. The loan security is the member’s own deposit and a charge on the accepted security.

02


Short Term Advances

This credit facility is design to allow members to solve unexpected personal need or problems that involve small money such as rent, medical bills, funeral expense, court fine, repair of motor bike and other unexpected emergency trend.

If you may also need to make that quick holiday travel or vacation and require for some money to cater accommodation and other personal needs. Truly, this loan is for you.

Features of Short Term Advance

  1. Be a Sacco member with consistent contribution for a minimum of 3 months.
  2. Qualify amount is 80% of deposits of the MAIN SAVINGS ACCOUNT.
  3. The repayment period shall be a maximum of six (6) months.
  4. The loan shall attract interest rate of 10% per month.
  5. The collaterals shall be the member’s savings up to a maximum of 80% of the main savings.

03


Tech Loan

The loan product for acquisition of telecommunications products such as (Laptops, mobile phones, camera and tablets) from any dealer within South Sudan. 

  1. Loan limit is 50% of deposits or SSP. 12,000,000, whichever is lower.
  2. Interest rate of 10% per month on reducing balance.
  3. Repayment period shall be within 12 months.

Tech Loan Application Process

  1. Member shall visits a dealer and identifies the desired device (Laptops, mobile phones and tablets).
  2. The dealer issues member with a proforma invoice indicating the identified device and the respective retail price.
  3. Member fills the SACCO loan application form in the usual manner and attaches the proforma invoice.
  4. Loan is appraised and processed in the usual manner.
  5. Payment is made direct to the dealer.
  6. Member shall be contacted by the dealer giving details on collection of the device.
  7. The member shall be identified using the original National ID.
  8. Member shall fill a loan application form.
  9. Attach one original current pay-slip for the last 3 months.
  10. A loan must be secured by guarantor(s).

04


Education Loan

Investing in education has never been easier. Our Education Loan helps members cover school, college, and university fees with flexible amounts, affordable rates, and repayment terms designed to ease your financial burden. Secure your child’s future today while managing your finances responsibly.

Features of Education Loan

  1. School Fees, college fees and university fees loans shall be advanced subject to member’s ability to pay without any limits.
  2. Given at three times of a member’s deposits.
  3. Interest rate of 10% per month on reducing balance.
  4. Maximum repayment period of 12 months.
  5. A loan must be secured by guarantor(s).

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