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
Loan product
Long Term Loan
Lower monthly repayments spread over up to 6 years.
- Interest rate
- 1.17% per month on reducing balance
- Maximum amount
- Up to 4× your deposits, max KES 5,000,000
- Repayment period
- Up to 72 months
- Processing time
- Upon appraisal and approval
- Security
- Fully guaranteed
Overview
For major investments such as land, building or business. Up to 4 times your deposits (max KES 5 million) repayable over up to 72 months.
Who qualifies
- Active member with regular monthly deposits
- Must retain at least one third (1/3) of salary as net pay
What you need
- Fully completed loan application form
- Guarantors to cover the loan in full
- Latest payslip(s) or proof of income
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
Long Term Loan calculator
See what your monthly repayment could look like.
Estimates only, based on 1.17% per month on reducing balance. 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