Bank of Africa : Tarajio Savings Plan Kenya
Name of the Organization : Bank of Africa – Kenya
Type of Facility : Tarajio Savings Plan
Country : Kenya
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Website : https://www.boakenya.com/
Tarajio Savings Plan:
Tarajio Savings Plan is your ordinary savings account, backed by a Current Account. This allows customers to accumulate progressive savings according to their financial capacity.
Related : Bank of Africa Internet Banking Kenya : www.statusin.org/6504.html
At the end of a minimum 12 months’ period and 12 regular payments, the customer can automatically benefit from a loan to finance an ambition/ project. The loan amount is up to twice the saved amount in 12 months.
Features:
** The savings plan must be backed by a current account with a letter of undertaking.
** Account opening is free.
** Savings must be made through 12 payments via a standing order from the Current Account.
** The standing order is for a minimum of Kshs. 2,000.
** The savings plan cannot be terminated before complete loan repayment.
Benefits:
** Interest is paid monthly.
** The loan amount is equivalent to twice the amount saved and with a maximum Debt Service Ratio (DSR) of 50% (whichever is lower).
** Maximum loan duration is 48 months.
** The customer can start another savings plan while benefiting from a loan.
** Interest on loan – base rate plus 1%; processing fee – 1%.
Requirements:
** Passport size photo
** Original ID or passport
** 3 last payslips
** Letter of undertaking from employer
Contact Us:
Bank of Africa – Kenya
Head Office; Re-insurance Plaza, Taifa Road
P.O Box 69562-00400 Nairobi, Kenya
Tel: +254 703 058 120 / +254 20 327 5000
SMS: 20030
Email: yoursay [AT] boakenya.com
FAQs :
Who can open an Agence Elite account?
This account is targeted at high net worth individuals, customers, and non-customers and customers profiled and invited by RMs. Signatories of key relationships can also Visit your nearest BOA-K Branch for more details on products above. To open account, account holders will be assigned a dedicated relationship manager for personalized services.
What is opening balance on this account?
The opening balance is a net salary of Kshs. 350,000
How much do I need to maintain account?
The minimum operating balance for this account is Kshs. 20,000 locked in. monthly operational fee is Kshs. 1,500.
How much will I pay as ledger fees?
The monthly operational fee is Kshs. 1,500.
What separates Agence Elite account from or current accounts?
This is a premium banking service that offers an exclusive way of banking, designed to provide quality, convenience and competitive pricing to enable clients make most of their money and time.
A client will have access to an exclusive elite banking hall, an exclusive ID card, a dedicated relationship manager, preferential treatment at all branches, longer banking hours, among various or benefits.*Terms and Conditions apply
About Us :
The Group began its operations in 1982 in Bamako, Mali and has over the years expanded, initially in West Africa and recently in East Africa. The Group has its Head Offices in Senegal (Dakar) and Benin (Cotonou).
It is well established in 16 countries namely: Benin, Burkina Faso, Burundi, Democratic Republic of Congo, Djibouti, France, Ghana, Ivory Coast, Kenya, Madagascar, Mali, Niger, Senegal, Tanzania, Togo and Uganda with further plans of expanding.