CK Micro Finance

TERM & CONDITIONS

REQUIREMENTS

  1. Only Civil Servants are eligible,
  2. The borrower needs to feel in the loan application form.
  3. Upon applying the Borrower needs to upload a Selfie photo.
  4. The Borrower needs to State the loan collateral.
  5.  Make sure you provide collect information.

NOTE: Provision of false information about yourself or next of kin, such as unreachable numbers intentionally is an offense. Make sure you verify information before submitting to avoid inconveniences.

PAYMENTS

  1. Payment are due immediately the Civil Servant Salaries are in.
  2. 31st or 30th is the last day of making payments.
  3. The money to be paid the the account as guided by the Customer Service.
  4.  By 01st of the following month penalties are automatically added.

COLLATERAL POLICY

  1. By 1st penalties are automatically added to defaulters
  2.  Followed by the collection of the Collateral.
  3. The Collateral is therefore kept at the office for 30 days there after it is liable for selling can not be claimed back.
  4. The collateral can only be claimed back within 30 day after collection.
  5. To get back the Collateral, you need to settle the Loan balance and pay additional transpotation fee of not less than k700.
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