Terms and Conditions

Loan Terms and Conditions

SME/Business Loans

Interest Rate: 16% per month.

Penalty Rate: 16% on underpaid installment amount.

1. Loan Interest & Penalties: The loan is subject to an interest of 16% per month. Failure to make such payments on time will result in a penalty of 16% of the underpaid installment amount.
2. Authorization to Obtain Information: I/We authorize Eagle Kash Agencies to obtain necessary information from any source, including employer(s).
3. Notification of Changes: I/We undertake to notify Eagle Kash Agencies immediately of any material change regarding this application.
4. Bankruptcy Declaration: I/We declare that we have not been adjudged bankrupt.
5. Loan Application Decision: I/We understand that Eagle Kash Agencies may reject this application at its discretion without providing reasons.
6. Security for Loan: I/We declare that the asset(s) provided have not been pledged elsewhere.
7. Default & Recovery Process: Upon default, next of kin(s) and guarantor(s) will be informed. If arrears are unpaid, security may be sold to recover outstanding amounts.
8. Security Information Accuracy: I/We certify the provided security information is true.
9. Accuracy of Provided Information: I/We declare that the information provided is true.
10. Loan Repayment Commitment: I/We will ensure that all loan repayments are made on time.
11. Compliance with Policies: I/We agree to abide by Eagle Kash Agencies’ policies and any amendments.

Personal/Emergency Loans

Interest Rate: 8% per week for Existing Clients

Penalty Rate: 8% on underpaid installment amount.

1. Loan Interest & Penalties: The loan is subject to an interest of 8% per month. Failure to make such payments on time will result in a penalty of 8% of the underpaid installment amount.
2. Authorization to Obtain Information: I/We authorize Eagle Kash Agencies to obtain necessary information from any source, including employer(s).
3. Notification of Changes: I/We undertake to notify Eagle Kash Agencies immediately of any material change regarding this application.
4. Bankruptcy Declaration: I/We declare that we have not been adjudged bankrupt.
5. Loan Application Decision: I/We understand that Eagle Kash Agencies may reject this application at its discretion without providing reasons.
6. Security for Loan: I/We declare that the asset(s) provided have not been pledged elsewhere.
7. Default & Recovery Process: Upon default, next of kin(s) and guarantor(s) will be informed. If arrears are unpaid, security may be sold to recover outstanding amounts.
8. Security Information Accuracy: I/We certify the provided security information is true.
9. Accuracy of Provided Information: I/We declare that the information provided is true.
10. Loan Repayment Commitment: I/We will ensure that all loan repayments are made on time.
11. Compliance with Policies: I/We agree to abide by Eagle Kash Agencies’ policies and any amendments.

Development Loans

Interest Rate: Agreed Rate (r)% per month.

Penalty Rate: (r)% on underpaid installment amount.

1. Loan Interest & Penalties: The loan is subject to an interest of (r)% per month. Failure to make such payments on time will result in a penalty of (r)% of the underpaid installment amount.
2. Authorization to Obtain Information: I/We authorize Eagle Kash Agencies to obtain necessary information from any source, including employer(s).
3. Notification of Changes: I/We undertake to notify Eagle Kash Agencies immediately of any material change regarding this application.
4. Bankruptcy Declaration: I/We declare that we have not been adjudged bankrupt.
5. Loan Application Decision: I/We understand that Eagle Kash Agencies may reject this application at its discretion without providing reasons.
6. Security for Loan: I/We declare that the asset(s) provided have not been pledged elsewhere.
7. Default & Recovery Process: Upon default, next of kin(s) and guarantor(s) will be informed. If arrears are unpaid, security may be sold to recover outstanding amounts.
8. Security Information Accuracy: I/We certify the provided security information is true.
9. Accuracy of Provided Information: I/We declare that the information provided is true.
10. Loan Repayment Commitment: I/We will ensure that all loan repayments are made on time.
11. Compliance with Policies: I/We agree to abide by Eagle Kash Agencies’ policies and any amendments.