Normal Loan
Our core development loan for big personal goals.
- Interest
- 1% per month on reducing balance
- Limit
- Up to 4× your deposits, max KES 5,000,000
- Repay in
- Up to 48 months
- Interest rate
- 5% one-off charge on the qualified amount
- Maximum amount
- Based on your qualified dividend (minimum KES 1,000)
- Repayment period
- Recovered from interest on deposits and dividends after the AGM
- Processing time
- Upon approval
- Security
- Your expected dividends
Overview
Get an advance on your expected interest and dividends, recovered automatically when dividends are paid after the AGM. Available once a year.
Key features
- Available once every year
Who qualifies
- Earned dividends in the previous year
- In good standing — no loan, contribution or deposit arrears
- Not in default on any loan product
What you need
- Completed dividend advance form
How to apply
- 1
Check your eligibility and entitlement (use the loan calculator or log in to the Member Portal)
- 2
Download and complete the loan application form, or apply through the Member Portal where available
- 3
Attach the required documents and have your guarantors sign
- 4
Submit to the SACCO office or email the scanned form
- 5
The Credit Committee appraises your application and you are notified of the outcome
Other loans you may like
Emergency Loan
Help when the unexpected happens.
- Interest
- 1% per month on reducing balance
- Limit
- Within entitlement (4× your deposits)
- Repay in
- Up to 18 months
School Fees Loan
Keep education on track, paid directly to the school.
- Interest
- 1% per month on reducing balance
- Limit
- Up to 4× your deposits, max KES 350,000
- Repay in
- 12 months