Loans
4
0
No Hidden Charges.
──── Overview
The funds you need, when you need them, at fair and manageable rates.
A Songa loan is built on the savings record you have already established. Interest is charged on a reducing balance, every term is disclosed in writing before you sign.
Emergency credit
Medical bills, school fees, urgent household needs — handled quickly and discreetly.
Business opportunity
Stock, equipment or working capital for the side business that is finally ready to grow.
──── What we offer
Simple Terms You Can Plan With
Reducing-balance interest
Affordable interest rate applied on a reducing balance and not on the full loan amount.
Terms in Conditions
Every term is clearly outlined upfront, so you know exactly what to expect before signing.
Independent assessment
Every Loan application is reviewed by the Loan Committee in a professional manner.
Fast disbursement
Funds are released immediately one your loan application is approved and contract signed.
Emergency credit
Loan application to meet Medical bills, school fees and urgent household are processed quickly and confidentially.
Business capital
Credit support extended for working capital needs, Stock and equipment purchases for running business.
──── Why choose this service
Credit that respects your savings discipline.
- Affordable interest charged on a reducing balance
- All terms and conditions in the contract. No Hidden charges nor any additional charges will be debited to your account in future.
- No loan closure charges for early closure of the loan
- Independent assessment by the Loan Committee
- Fast disbursement once approval is granted
