Loading...
×

Loans Calculator

*The rates above are indicative, visit a branch near you for more details.

Locate us

Current Location
Current Location
Nairobi Province, Nairobi

Back Office Savings Activity (BOSA) Loans

Members access BOSA loans based on their deposits in multiples of 4 or 5. Individual members and chamas may borrow up to a maximum of Ksh. 30 million while corporates may borrow up to Ksh.40 million subject to ability to pay. To cater for our members’ financial needs, we offer a wide range of products with repayment periods of 12 – 84 months.

Normal /Development Loan

  • Given at 4 times of a member’s deposits.
  • Interest rate of 1% per month on reducing balance.
  • Maximum repayment period of 72 months.

Top-Up Normal /Development Loan

  • Available to members who are servicing the Normal Loan.
  • Maximum repayment period of 72 months.
  • Interest rate of 1% per month on reducing balance. 

School Fees and College Fees Loans

College Fees Loan is given up to a maximum of Ksh. 500,000 per year. Nursery to secondary School Fees Loan given up to a maximum is Ksh. 200,000/- per year. Interest rate of 1% per month on reducing balance. Maximum repayment period of 12 months.

Super Loan

  • Given at 5 times of a member’s deposits.
  • Maximum repayment period of 84 months.
  • Interest rate of 1.15% per month on reducing balance.

Emergency Loan

  • Given at 4 times of a member’s deposits.
  • Maximum repayment period of 12 months.
  • Interest rate of 1% per month on reducing balance.

Top-Up Emergency Loan

Maximum repayment period of 12 months. Interest rate of 1% per month on reducing balance.

Hisa Loan

  • A facility for boosting a members deposits by the Sacco in order to access a bigger loan or clear an outstanding loan for purposes of accessing a new loan.
  • Maximum of Ksh. 500,000.
  • One off interest of 5% recovered from the loan issued.

Requirements for Loan Application

Members are required to be familiar with the Society’s current Loan Policy. Dully filled loan application form. Attach one original current pay-slip (not more than two months old to the date of application) A copy of National ID Card showing both sides. All loans must be secured by guarantors or collateral Private members to use own deposits for guarantor ship of up to 95%.

Chama Loan

  • Advanced at 4 times Chama’s deposits
  • Interest rate of 1% per month on reducing balance
  • Maximum repayment period of 24 months.
  • Maximum of Ksh. 30,000,000

 Requirements for a Chama Loan

  1. Consistent contributions for 4 months.
  2. A fully filled application form signed by the officials.
  3. Group minutes authorizing for loan application.
  4. Purpose of the loan must be within the Group/Chamas constitution.