Loans

Loan Packages we

Given 300% (multiply the value of shares by 3) of member shares.
Can also be given 400% upon having a special request.
Recovery period of the loan ranges from seven to 60 months.
Interest rate is at 4.5% on reducing balance basis
Processing fee is at 4% of the total amount of the loan.
Insurance premium is 2% per amount approved
It is given based on member’s affordability (capacity).
It is ready after five working days of submission. Loan Applicants are notified when the loan is ready for payment telephonically by the responsible officer

This is a flexible loan which a member collects cash after submitting the loan application
The minimum is K50,000 and it has no maximum.
The repayment period is 6 months.
Interest rate is 7.5%
Processing fee is 4%.
Insurance premium is 2%

It is given on the same day after submitting the Loan Application Form.

It depends on member’s affordability.
Payment period ranges from one to a maximum period of 12 months.
A processing fee of 4%
The interest rate is at 4.5% on reducing balance basis
It is given in addition to other active loans, depending on the applicant’s affordability.
A member will be given authenticated receipts recognised by AGORA or any other identified material supplier within the applicant’s easy reach
The member then will present the receipt to their nearest Agora staff and collect the selected item.
Insurance premium is 2%

The SACCO settles loans of up to MK500,000 with other institutions for new members
Members also can also negotiate for additional loans depending on their affordability.

The SACCO settles loans of up to MK500,000 with other institutions for new members
Members also can also negotiate for additional loans depending on their affordability.

Member can apply up to 10 million Kwacha even without or with few shares, as long as you have affordability
Interest rate is at 5%
Processing Fee is at 4%
Insurance premium is at 2%
Maximum repayment period 36 months

All loans are processed within 5 working days depending on the applicant’s requirements.
New and existing members have an opportunity to access up to 10 Million repayable within 24 months, only if you have affordability

Get these and more of our services by contacting us today.