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.
