The Top-Up Loan product from Sacco allows members to access additional funds on top of their existing loan, providing extra financial support when needed. This product is designed for members who may need more funds than initially anticipated or have an unforeseen financial need.

Product Features

• Allows you to increase the amount on your existing loan, providing additional financial flexibility.

• Fast processing time to quickly address your additional financial needs.

• The loan amount is determined by a member's savings and ability to repay.

• Competitive interest rates, making it an affordable financing option.

• The loan can be used for any purpose, such as business expansion, education costs, or unexpected expenses.

Requirements

1. To qualify, one must be an active member with regular savings contributions.

2. Members should have a good repayment history for their existing loan.

3. Show proof of the need for additional funds.

4. Proof of ability to repay the original loan plus the additional amount within the agreed-upon timeframe.

The Top-Up Loan product from Sacco provides the financial flexibility to meet unexpected expenses or take advantage of new opportunities. With quick processing times and competitive interest rates, members can confidently face any financial challenge or opportunity that comes their way.