
Insurance Premium Loan
Finding it hard to finance your insurance covers, worry no more.
Insurance Premium Loan is a short term loan product designed to facilitate financing of insurance premiums. This is given against the customer’s deposit for a maximum of 9 months at an interest rate of 2.5% per month.
The IPF loan involves a tripartite agreement between the customer, the insurance company(guarantor) and the bank(financier).
Eligible to members with deposits of over Ksh. 100,000.