Are you in need to settle hospital bill?
PCEA Murera sacco has a product that is tailor made to meet your health bills
- Processed within seven days.
- Maximum repayment period 12 months.
- Interest rate 1.15 % per month reducing balance.
- Loan processing fee 1%.
- Must present medical bill from hospital.
To be eligible for a loan
- One must be a registered member having been active for a period of 6 consecutive months i.e. saving regularly.
- One should not have defaulted any of the loan previously.
- One should not have been involved /convicted for any criminal offence, not necessary in a court of law
In Addition:
- All loans should be guaranteed a 100%.
- All loans must be insured and insurance premium amount to be deducted to loans amount.
- Insurance premium to be loaded to loan amount yearly on the basis of outstanding balance.
- Maximum loans a person can guarantee is 9 people.
- Loan repayment to be done regularly on monthly instalment basis and failure to repay attracts a penalty of shillings 200 on which underpaying attracts a penalty of ksh 150.
- Guarantor must indicate the amount he or she commits and should not be above ones’ savings.
- Processing fee to be deducted to loan amount.