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BUNGE REGULATED
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SACCO LTD
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NORMAL LOAN 1 (Q)
Is a first loan
Max. repayment 72 months
Interest rate is charged 1% on reducing balance
When one offsets internally it's charged 9.5%
When offset externally, it's charged 2%
It has the longest repayment period
It is charged 1% loan insurance
Personal loans
NORMAL LOAN 2 (R)
It is a subsequent loan
Max. repayment is up to 48 months
Interest rate is charged 1% on reducing balance
When one offsets internally, it's charged 9.5% while when offsets externally it's charged 2%
It has the second longest repayment period
Is charged 1% loan insurance
NORMAL LOAN 3 (V)
It is the third Loan
Max Repayment 36 months
Interest rate is charged 1 % on a reducing balance
When one offsets internally it is charged 9.5% while offsets externally it is charged 2%
It has the third longest repayment period
It is charged 1% loan insurance
EMERGENCY LOAN
It is termed as an emergency loan
Goes for Max. of 12 months
Interest rate is charged 1% on reducing balance
It's charged 2% when one offsets both internally and externally
It has the shortest repayment period
It is charged 1% loan insurance
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