The Investment Loan is designed to cater to the personal welfare of Polymed SACCO members. Individuals seeking financial support can avail themselves of this loan, with the maximum amount granted being twice the value of their shares, up to a cap of 10% of the total SACCO assets held by the member. The repayment period for this loan is set at a maximum of 30 months, offering members a reasonable timeframe to fulfill their financial obligations.
To make this financial assistance accessible, the Investment Loan operates with a competitive interest rate of 4% per month, calculated on a reducing balance basis. This ensures that members not only receive the necessary financial support for their personal endeavors but also benefit from an interest structure that is considerate of their overall financial well-being. The Investment Loan thus stands as a valuable resource within Polymed SACCO, fostering member prosperity through flexible and member-centric financial solutions.