Collateral is an additional form of security which can be used to assure a lender that you have a second source of loan repayment. Assets such as equipment, buildings, accounts receivable, and (in some cases) inventory are considered possible sources of repayment.

Our Collateral based loan products

Supa loan
  • Secured by a clean title deed for properties and land in urban and rural municipalities; with no encumbrances
  • The Title must be charged to the society for the loan to be granted,
  • The loan granted up to 90% of the market value of the land/property
  • Maximum repayment period is 72 months with 15% per annum interest rate
Okoa loan
  • Loan is secured by private motor vehicle log book with comprehensive insurance
  • The motor vehicle should NOT be more than 10 years old from the date of manufacture
  • Loan granted is up to 50% of motor vehicle value
  • Maximum repayment period of up to 36 months with 15% per annum interest