Premier 10-Year Financing
SUPER NORMAL LOAN 1
Decade-Long Capital Loan with Constant Amortized Repayments
SUPER NORMAL LOAN 1
Long-Term Capital
Interest Rate
1.375% p.a on reducing balance
Repayment Horizon
120 months (10 Years)
Borrowing Limit
Extended Long-Term Limit
Annual Equivalent
1.375% p.a.
Product Name
SUPER NORMAL LOAN 1
Interest Rate
1.375% p.a on reducing balance
Repayment Period
120 months (10 Years)
Security / Multiplier
Extended Long-Term Limit
Purpose & Description
The purpose of this loan is to provide long-term financial solution to a member, the Super Normal Loan offers extended repayment terms and high borrowing potential for investing in a business, purchasing assets, or handling personal financial commitments. A long-term facility granted with a constant (amortized) repayment amount and repayment period (up to 120 months).
Features & Qualification Criteria
The following are the exact mandatory specifications for SUPER NORMAL LOAN 1:
i) Applicant must be a SACCO member.
ii) Monthly repayment amount is constant (amortized).
iii) A third of the basic salary should remain after all the deductions.
iv) Provide at least four (4) guarantors and one (1) witness.
v) Provide two latest original pay slip.
vi) Monthly repayments commence not later than the month following disbursement.
Frequently Asked Questions
What does constant amortized repayment mean?
Your monthly deduction remains steady and predictable across the entire 120-month horizon.
How long is the repayment period?
A maximum of 120 months (10 years).
Apply for SUPER NORMAL LOAN 1
Please Visit Chuka University SACCO to Apply
To apply for the SUPER NORMAL LOAN 1, please visit our Chuka University SACCO Main Office to complete the official loan application form and submit your supporting documents (guarantor forms & payslips) with our credit desk.
Office: Chuka University SACCO Offices, Main Campus
Telephone: +254 772 689 460
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.