Hasco Sacco

Features Hasco Sacco

Tenure -: 61 days to 180 DaysLoan Amount-: Kshs.
50,000 or 70% of his/her member deposit whichever is lower.Interest Rate-: 10% annually(on flat rate)Processing fee-: No Processing feeRepayment-: Monthly Repayment via pay bill.Defaults-: In case of default the loan balance is recovered from Member Deposit.Example-: if the Loan amount applied is ksh 30,000.00, with tenure of 90 days and a interest rate of 10 APRInterest charged = 30,000* (10/100) = 3000 kshsTenure On Monthly = 90/30 = 3 monthsmonthly repayment = (30,000+ 3,000)/3 = 11,000 kshFunctionality of the Hasco Sacco App includes:Cash DepositLoan RequestLoan RepaymentLoan Calculatorview Recent Transaction Changes of passwordLog Out