M-Biblia Loan – Biblia Sacco

M-Biblia Loan

M-Biblia Loan

M-Biblia Loan is a mobile banking facility that allows members the opportunity to access loans via their phones.

Maximum loan of 50,000 but to be graduated from Ksh. 5,000.00.

Interest rate of 5% per month on reducing balance.

Repayment period up to a maximum of 3 months.

The monthly repayment is facilitated by the member.

The member can access up to 80% of his free deposits

In case of default the loan balance is recovered from the members’ deposit.