The program’s main focus is to reward borrowers who consistently make timely loan repayments, have a positive credit score and apply for loans frequently with increased loan limits as well as lower service fee.
Advantage Plus entails a two-tier system whereby there are 15 levels.
- Level 1-6 are referred to as standard members whereby their maximum loan limit is Ksh50,000 with a service fee of between 22-25%
- Level 7-15 are referred to as super members whereby their maximum loan limit is Ksh90,000 with a service fee of 12-16%
It is noticeable that as a borrower levels up, the loan amount increases as the service fee decreases.
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