Members Login
Careers
 
 

SACCO LOANS

TYPES OF LOANS

We offer various types of loans from short-term, long-term, instant & emergency loans.

OUR SERVICES
CONTACT US
Banner11.jpg

TYPES OF LOANS

Long-term loan

Normal Loan

  • One must have been a member of the Sacco for at least six months.
  • One must have minimum a member deposit of Kshs. 100,000

The multiplier effect is as follows;

  • Less than one million deposits 2 times.
  • 1m-2m plus 1 million.
  • Above 2m one and a half times.
  • Interest rate is 1% per month on a reducing balance
  • Maximum repayment period is 4 years (48 months)
  • A member qualifies for only one normal loan at any given time
  • A member can qualify for emergency and instant loans while still servicing this loan
Short term loans

Emergency Loans

  • Emergency loans is a maximum of Kshs 150,000.
  • Interest rate shall be 1 % per month on reducing balance.
  • Repayment period up to a maximum of 18 months.
  • A member qualifies for only one emergency loan at any given time.
  • The loan is disbursed within 24-hours.

Instant Loan

  • Instant loans is a maximum of Kshs 100,000.
  • Repayment period up to a maximum of 12 months.
  • Interest rate shall be 1% per month on reducing balance.
  • A member qualifies for only one instant loan at any given time.

Other loan products

  • The society may develop new demand driven loan products to meet members’ needs and maintain its competitiveness in the increasingly dynamic financial market.
Banner10-e1669479403305.png