BORROWING
Make your next move an informed one.
Prepare your plans, understand the cost and estimate repayments before making a commitment.
From an idea to a prepared application.
- 01
Define the purpose
Write down what you need and what the funds will help you achieve.
- 02
Plan repayment
Review income, expenses and existing repayment commitments.
- 03
Get the terms in writing
Confirm interest, collateral, insurance and every fee with the SACCO.
Explore your repayment plan.
Enter a rate to explore. This is not a Rugero quote or a credit decision. The estimate uses reducing-balance interest and equal monthly payments; it excludes service fees, insurance and penalties.
| Month | Payment | Principal | Interest | Balance |
|---|
Take the next step prepared.
The SACCO assesses and approves loans under its own criteria. A repayment estimate does not establish loan eligibility.
Prepare a loan enquiryKnow the terms before signing.
Ask for written explanations.
- The rate, calculation method and when it can change.
- The amount you receive after deductions and the total you repay.
- Collateral, guarantor responsibilities and consequences of non-payment.
Check your own capacity.
- Compare repayments with money left after essentials.
- Consider what happens if your income falls.
- Ask what to do before the due date if repayment looks difficult.