Car loan
Description
The car loan is linked to the Motor vehicle purchase savings account. The amount of loan to be advanced is dependent on the member’s savings as well as capacity to repay. Motor vehicles purchased under this scheme will be placed under the Collateral Registry until the loan is fully repaid.
Eligibility
Members are eligible to apply for car loans, subject to the limit of their shares and savings, as well as ability to repay. You can also get other members to co-guarantee you for the loan. You must have been a member of the SMEAZ SACCOS for at least six months before you can apply for a car loan.
APPLY FOR LOAN
Click on the button below to apply for a loan.