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Get Sacco Loan Application Form Template
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How to fill out the Sacco Loan Application Form Template online
Filling out the Sacco Loan Application Form Template online can be a straightforward process when you understand the necessary steps. This guide will provide you with clear instructions to ensure that you complete the form accurately and efficiently.
Follow the steps to complete your application with ease.
- Click ‘Get Form’ button to obtain the form and open it in the editing interface.
- Begin by filling in your full name in block letters as required. Ensure that you double-check this information for accuracy.
- Enter your ID number and member number in the designated fields to verify your identity within the society.
- Provide your payroll number, bank name, branch, account number, and mobile number. This information is essential for processing your loan.
- Specify your employer and department details. Include the address of your employer for verification purposes.
- Indicate your terms of service by ticking the appropriate box for permanent, temporary, contract, or other employment types.
- State the value of your shares in Ksh and ensure this is accurate as it impacts your loan eligibility.
- Fill in the amount you wish to borrow in figures and words. Be specific about the purpose of the loan.
- Select the loan type by ticking the box that applies: development, jiinue, emergency, education, refinance, or other. Specify if you choose other.
- In the security offered section, provide details of any collateral you are willing to submit to secure the loan.
- Complete the authority for deduction section, confirming that all information is accurate, and authorize salary deductions for loan repayment.
- If applicable, fill out the payment guarantee section with details of your guarantors, including their names, ID numbers, shares, and signatures.
- Review all the information for any errors or omissions. Ensure that everything is completed correctly before submission.
- Once satisfied with the details, save your changes, download, print, or share the form as required for submission.
Start filling out your Sacco Loan Application Form online today for a smoother loan application process.
Member fills the SACCO loan application form in the usual manner and attaches the proforma invoice....BOSA Given at 4 times of a member's deposits and 4.5 for first time loanies. Interest rate of 1% per month on reducing balance. Maximum repayment period of 72 months.
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