Fully Secured Personal loan product for SOE, Public Servants and Private Sector employees
TCF Loans |
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|---|---|
| Interest rate : | Fixed interest rate charge at 15.00% per annum or 6.00% above term deposit rate |
| Loan Amount : | Loan amount will be 90.00% of the face value of term deposit |
| Term : | 1 month to 36 months |
| Repayment : | Direct payroll salary deducation |
| Eligibility : | Must be a permanent employee of SOE, Government department or a Private Company who has an approved Salary Deduction Agreement with TCF and employee must have a current term deposit with TCF. |
| Security : | Term Deposit |
| Issuance of member account statement | Charged at minimum of K50 |
| Loan Processing Fee | Maximum of 2.5% of approved loan |
Unsecured Personal loan product for non teachers on DOE payroll and Government Department employees who are paid by Department of Finance payroll.
TCF Loans |
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|---|---|
| Interest rate : | Flat rate on reducing balance |
| Loan Amount : | From K1,000.00 to K50,000.00 |
| Term : | 1 month to 36 months |
| Repayment : | Forthnightly payroll deduction |
| Eligibility : | Non teaching employees of DOE on department payroll or Public Servants paid on DOF government payroll |
| Issuance of member account statement | Charged at minimum of K50 |
| Loan Processing Fee | Maximum of 2.5% of approved loan |
Unsecured Personal loan product for employees of State Owned Entities(SOE,s) and Private Sector Companies.
TCF Loans |
|
|---|---|
| Interest rate : | Flat rate on reducing balance |
| Loan Amount : | From K1,000.00 to K50,000.00 |
| Term : | 1 month to 36 months |
| Repayment : | Forthnightly payroll deduction |
| Eligibility : | Must be a permanent employee of SOE or a Private Company who has an approved Salary Deduction Agreement with TCF. |
| Issuance of member account statement | Charged at minimum of K50 |
| Loan Processing Fee | Maximum of 2.5% of approved loan |
Unsecured personal loan product designed exclusively for teachers on DOE payroll. Personal Loan that helps you relax with enough take home pay.
TCF Loans |
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|---|---|
| Interest rate : | Flat rate on reducing balance |
| Loan Amount : | Between K1,000.00 and K50,000.00 |
| Term : | Between one (1) and 36 months (3 years). |
| Repayment : | Fortnightly payroll deduction. |
| Eligibility : | Must be a fully employed and confirmed teacher.nd A minimum of 12 months stable employment in current and outside of any probationary period. Aged between 21 years and 60 years. |
| Issuance of member account statement | Charged at minimum of K50 |
| Loan Processing Fee | Maximum of 2.5% of approved loan |
Unsecured Personal Loan Scheme for Employees of the Top Class Companies is an unsecured personal loan product designed for the employees of Top class companies.
TCF Loans |
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|---|---|
| Interest rate : | A very competitive interest rate of 30.00% per annum on reducing balance (17.5% Fixed). |
| Loan Amount : | Between K1,000.00 and K50,000.00 |
| Term : | Between one (1) month and 36 months (3 years). |
| Repayment : | Fortnightly repayment (Principle + Interest) over the term of the loan. |
| Eligibility : | Must be an employee of an SoE entity, Government Department or a Private Company who has an approved Salary Deduction Agreement with TCF. A minimum of 12 months stable employment in current job and outside of any probationary period. Aged between 21 years and 60 years |
| Issuance of member account statement | Charged at minimum of K50 |
| Loan Processing Fee | Maximum of 2.5% of approved loan |
