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Nyumba Yangu Loan
Eligibility
- Price for unauthorized overdraft is 7% above normal interest rate.
- Interest is calculated daily based on the maximum balance used per day
Features & Benefits
- This is short term financing not exceeding 12 months intended to support working capital.
- Finances short term finance needs occurring during the intervals between receipt of proceeds and the payment period in the context of the asset conversion cycle.
- Strictly not for personal consumption and facility can be renewed.
- Maximum lending to a single borrower will be as per prevailing Central Bank

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