Development Loan (Plot Loan)

Development loan provides funds to procure land for future development from well-established Real Estate Developers. A Member is allowed to access a development loan alongside other loans subject to shares, deposits and payslip capacity. Loan maximum amount is K4,000,000 but the loan amount should be 3 times the member’s shares and savings payable directly to the Real Estate Developer. Repayment period is 6 months if loan amount is K500,000.00, 12 months if loan amount is between K500,000.00 and K2,000,000.00 and 24 months for loan amounts above K2,000,000.00. Development loan has an interest rate of 2.5% monthly or 30% per annum. This loan type has a loan processing fee of 5% for a maximum of K250,000 and 7 days loan processing period. To calculate how much the loan will charge please Click here and select development loan; type in the loan amount and number of months you want the loan to be deducted with a maximum of 24 months. The details of deductions will display below.


  • Be a member for 90 days
  • Contact your closest branch to check how much loan can be taken depending on your shares and current loans if any or check through Mobile Banking by dialing *327#
  • Fill a loan application form and get it approved on salary deduction
  • Provide a pay slip
  • To download application form click here