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
- 1% per month
- Maximum amount
- Up to KES 100,000
- Repayment period
- Up to 12 months
- Processing time
- Upon approval
- Security
- Fully guaranteed
Overview
Exclusively for new members after 3 months of deposits. Borrow up to KES 100,000 at 1% per month and repay over up to 12 months.
Key features
- One third (1/3) of the amount applied is used to boost your shares
Who qualifies
- New members only
- Must have contributed deposits for 3 months
What you need
- Completed loan application form
- Guarantors to cover the loan in full
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
Estimate
Karibu Loan calculator
See what your monthly repayment could look like.
Estimates only, based on 1% per month. Final terms depend on appraisal.
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