Home Comfort Loan

Home Comfort Loan


Project Description

The Home Comfort Loan is a loan product designed to provide members with the financial support they need to improve their homes and create a more comfortable living space. With flexible repayment terms and competitive interest rates, the Home Comfort Loan makes it easier for members to turn their house into a dream home.

  • Eligible to members who hold MEHO Savings account.
  • Current maximum amount granted is Kshs. 500,000
  • The ratio to deposits is 3 times.
  • Loan top- up facility available.
  • MEHO savings remains unwithdrawn until the loan is cleared.
  • Additional deposits made after borrowing will be withdrawable.
  • The repayment period for this loan is 12 months.
  • The interest rate on this loan is 1.0% per month on reducing balance.
1,732 Views