PERSONAL LOAN

FAQ’s

1.    Who is legible for this type of facility?
This facility is offered to any salary earner, anyone that can contribute to participation and anyone that has an account with BK and their salary paid through the account at least 3 times.

2.    How is interest charged?
We charge interest on a yearly basis but its split out and paid every month for the period given

3.    If the loan facility given runs out, can it be renewed?
Yes it can be renewed as long as we are content with your payments.

4.    If am unable to clear my loan within the stated time, are you able to give me an extension?
Yes, we can as long as you notify us in advance. If we offer you an extension it can’t be beyond the maximum period provided before and we also have to consider your payment.

MORTGAGE LOANS

FAQ’s

1.    Who is legible?
This facility is offered to anyone that can contribute to participation and has an account with BK for a period of 3 months

2.    How is interest charged?
We charge interest on a yearly basis but its split out and paid every month for the period given

3.    If the loan facility given runs out, can it be renewed?
Yes it can be renewed as long as we are content with your payments. We also offer mortgage top ups which is money added to your current mortgage.

4.    If am unable to clear my loan within the stated time, are you able to give me an extension?
Yes, we can as long as you notify us in advance. If we offer you an extension it can’t be beyond the maximum period provided and we also have to consider your payment.

5.    Does the amount given for the loan vary?

We always base the loan facility on ones repayment capacity.

Vehicle loan

FAQ’s  

1.    Who is legible?

Anyone is legible but we consider ones payment capacity

2.    How is interest charged?

We charge interest on a yearly basis but its split out and paid every month for the period given.

3.    If the loan facility given runs out, can it be renewed?

Yes, it can be renewed as long as we are content with your payments.

4.    If am unable to clear my loan within the stated time, are you able to give me an extension?

Yes, we can as long as you notify us in advance. If we offer you an extension it can’t be beyond the maximum period provided and we also have to consider your payment.