Monthly Newsletter Sept 2015

Transcription

1 MEMBERS FUN DAY on 22nd August 2015 at the Impala Sports Club, Ngong Road. This day brought together more than 700 of our members and their children just to enjoy and relax. We do hope and trust that you all had a wonderful day out. We thank you for gracing this occasion and Fun day at the Impala Sports Club BoD during the Fun Day Finnlemm Contacts: 55 Gatundu Rd, Kileleshwa P.O. Box GPO Nairobi Tel. Fixed: Mobile: or Page 1

2 Fun day in Pictures

3 Finnlemm SACCO Products Updates... Finnlemm Car Loan Scheme We are happy to inform you that we have introduced the above the terms listed below:this product will enable members to buy motor vehicles. will not apply. Security will be: 60% by the car and 40% by guarantors or collateral. Rate of interest is 1.5% per month on reducing balance. Maximum repayment period: 60 months (5 Years). The vehicle must be 10 years Rebranding Motor Car Insurance to Insurance We have changed the above to an Insurance Loan. This is aimed at increasing the level of coverage of the product to include Medical Insurance Cover for self and Famiand any other form of Insurance that our members may need. and below. 2/3 rule will apply i.e. Take home pay should be 1/3 of gross pay. The vehicle will be jointly owned by the Sacco and the member during the loan period. The applicant to bear valuathe vehicle will be comprehensively inured under the current Finnlemm agreed Scheme Buying a car of your choice has now been made e asier b y Finnlemm Car Loan Scheme. Take advantage of the Scheme n Finbefu Loan o w Premium Loan We have scrapped out the Maximum amount for Finbefu Loans. We have scrapped out the minimum amount for Premium Loans. Members can now apply for Finbefu depending on their ability to repay within 24 Members can now apply for the facility and repay over a period of 60 Months. Previously, the minimum amount was Kenya Shillings Five Million and a Maximum of Kenya Shillings Seven Million. The current maximum amount was Kshs.500,000/= remain the same. remain the same. Finnlemm Contacts: 55 Gatundu Rd, Kileleshwa P.O. Box GPO Nairobi Tel. Fixed: Mobile: or Page 3

4 Special Merchandise Loan Have you been eyeing a certain merchandise but you have lacked funds for purchasing it? Well, this loan is for the purposes of merchanthe supplier. More products are being rolled to include purchase of water storage tanks and other merchandise goods. The loan has no maximum limit, as the loan amount is dependent on one s ability to pay. Repayment period is 18 months and repaid at the rate of 1.25% per month Water storage tanks Rebranded Benevolent Fund scheme In response to feedback from members, the product has now been rebranded to cover the principal member and any three preferred family members. Kshs 300 per month. Primary member cover of Kshs 50, 000 Spouse cover of Kshs 50, 000 Others cover of Kshs 50, 000 each Members can put as many persons as they desire into the Kshs 600 annually for each extra person. dependents nominated, Kshs 50,000 will be paid from the scheme. This translates to an annual premium of Kshs 3,600 a family of four (4) is covered to the tune of Kshs 200,000 per annum. In case of death of any of the Cover yourself and your loved ones.. Plan your tomorrow today Finnlemm Contacts: 55 Gatundu Rd, Kileleshwa P.O. Box GPO Nairobi Tel. Fixed: Mobile: or Page 4

5 Be informed Loan Type Max. Loan Amount Kshs. Home Loan Max. Deposit Mul- Max. Rep. Period Prevailing Interest rate per month 10,000, months 1.25% Premium Loan 7,000, months 1.17% Development Loan 5,000, months Special Loan 18 months 1.25% Finbefu Loan 24 months 1.50% 12 months Emergency Loan 300, months Express Loan 200,000 3 months Plot Loan 36 months Car Loan 48 months 1.50% Insurance Loan 12 months Dividend Advance Loan Pre-determined - 3 months Other charges Membership Entrance fees Benevolent (Insurance) con Minimum Share capital Cash Payments: -Amounts up to Kshs.300,000 EFTS:-Up to Kshs.999,999 RTGS: 1,000,000 and above Dishonored Cheque Request for l le ers Sacco Card Replacement Closing of accounts Immediate withdrawal 5% of netdepositor(min)of Membership Re-joining fees Shares (share Capital) Transfers Safe Custody Internal Fund transfers Unsuccessful standing orders Copies of requested documents (Photocopies) Prin g of member s statements and other periodic. Page 5 Kshs.1000 Kshs.2,000 per month Kshs.300 per month Kshs.6,000 Kshs.550 Kshs.550 Kshs.1,100 Kshs.2,000 Kshs.100 Kshs.500 Kshs.1000 Kshs.2,000 Kshs.1,000 Kshs.200 Kshs.1,000 per annum Kshs.550 Kshs.2,000 Kshs.10 per page Kshs.10 per page

6 More pictures from the Fun Day Your Prosperity, Our Priority Page 6