High-Borrowing 6-Year Facility
SUPER NORMAL LOAN 2
Substantial Capital Financing on Standard Reducing Balance Terms
SUPER NORMAL LOAN 2
Long-Term Capital
Interest Rate
1.417% pm on reducing balance
Repayment Horizon
72 Months (6 Years)
Borrowing Limit
High Borrowing Capacity
Annual Equivalent
17.0% p.a.
Product Name
SUPER NORMAL LOAN 2
Interest Rate
1.417% pm on reducing balance
Repayment Period
72 Months (6 Years)
Security / Multiplier
High Borrowing Capacity
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.
Features & Qualification Criteria
The following are the exact mandatory specifications for SUPER NORMAL LOAN 2:
i) A long-term facility granted for repayment period (up to 72 Months).
ii) Applicant must be a SACCO member.
iii) Reducing Balance interest calculation.
iv) A third of the basic salary should remain after all the deductions.
v) Provide at least four (4) guarantors and one (1) witness.
vi) Provide two latest original pay slip.
vii) Monthly repayments commence not later than the month following disbursement.
Frequently Asked Questions
How is interest calculated for Super Normal 2?
Interest is charged strictly on the reducing monthly balance over a 72-month period.
Apply for SUPER NORMAL LOAN 2
Please Visit Chuka University SACCO to Apply
To apply for the SUPER NORMAL LOAN 2, 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: 020 231 0512
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.