Loan Products
Product / 01
Normal Loan
Our normal loans are designed to support your development goals, whether it’s building your dream home, acquiring a plot, purchasing a car, starting a business, or diving into large-scale farming. We’re here to make those aspirations a reality!
- Our loans are processed monthly at an annual interest rate of 12%.
- We abide by the two-thirds rule to ensure a thoughtful loan approval process.
- Our loan amounts range from a minimum of Kshs 301,000 to a maximum of Kshs 3,600,000.
- Your repayment duration can be as short as 13 months or as long as 48 months – flexibility at its finest!
- To qualify for a loan, a member must have saved continuously for at least 3 months.
- A member can qualify for a loan amount up to (3x) three times their savings.
- All loans must be fully guaranteed.
- Members must maintain continuous savings while repaying the loan
- A loan-processing fee of 1% is charged and deducted from the loan amount before disbursement.
- Repayments are expected on a monthly basis, with members required to service both the interest and principal.
- You can easily download the loan application form by clicking this link “loan application form“.
- Take your time to fill out the form thoroughly, ensuring all required information is provided accurately.
- Identify guarantors whose combined commitment matches the loan amount you are requesting. Their support is crucial in facilitating a smooth approval process.
- Alongside the completed form, please attach a copy of your ID and a recent payslip. These documents help us process your application efficiently.
- Once you are done with the above steps, you have two convenient options for submitting your application package; Either send via G4S to our office or scan the documents and send via email.
Product / 02
Emergency Loan
An Emergency loan is designed to help a member meet an unexpected short-term or personal need such as medical bills, funeral expenses, court fines and other unexpected calamities, and any other issue that the committee will consider as an emergency.
- Loans are processed as needed, with an interest rate of 12% per annum.
- The two-thirds rule must be applied when a loan is being approved.
- The loan amount ranges from a minimum of Kshs 100,000 to a maximum of Kshs 300,000.
- The repayment period can be as short as 6 months or as long as 12 months.
- Loan approvals shall be processed within 48 hours.
- To qualify for a loan, a member must have saved continuously for at least 3 months.
- All loans must be fully guaranteed.
- Members must maintain continuous savings while repaying the loan
- A loan-processing fee of 1% is charged and deducted from the loan amount before disbursement.
- Repayments are expected on a monthly basis, with members required to service both the interest and principal.
- Please download the emergency loan application form.
- After downloading the form, complete it and then seek out guarantors whose combined commitment matches the requested loan amount.
- Once you’ve filled out the loan form, attach a copy of your ID and a recent payslip, and submit the entire package. (Either send via G4S to our office or scan the documents and send via email)
Product / 03
Quick Cash Loan
A quick cash loan is a short-term loan that is typically used to cover unexpected or urgent financial needs. This loan product is designed to provide members with fast access to a relatively small amount of money, which they are expected to repay within a month.
- All members have access to a maximum amount of Kshs. 20,000.
- The loan limit will be reviewed based on the member's repayment discipline.
- The total amount is repayable within one month, with an 8.5% interest rate charged at the time of disbursement.
- Repaid through Paybill No: 4088179. A/C No.: (Your ID No.) followed by the letters QC.
- Be a Sacco member with consistent contributions for a minimum of 6 months.
- Please download and fill the membership bio data form.
- Once you’ve filled out the membership bio data form, attach a passport photo, copy of ID of next of kin or a birth certificate in cases where next of kin is underage, and submit the entire package. (Either send via G4S to our office or scan the documents and send via email)
- Accessible through USSD system via *879# or *806#.