Skip links

Emergency Loan

Emergency Loan

This product is meant to facilitate our customer’s unforeseen financial emergencies

Apply Today

    Loan Details

    Features

    • Approval process takes up to 24 working hours
    • Repayment period is up to 12 months.
    • This product attracts an interest rate of 1% p.m on reducing balance.
    • Any member who has saved consistently for six months or a member with existing loans, with good repayment history qualifies
    •  

    All loans granted by the society must be fully secured either by guarantors who are members of the society or by use of collateral; Collateral will include a title deed/Property The applicant is required to be an active Sacco member for a minimum of 6 months The applicant is expected to make the required monthly contribution even as he/she is servicing the loan. The member’s credit history is a major determinant for this and future loans.

    Requirements

    • A duly completed loan application form
    • Supporting documents must be attached for
      approval
    • Attach copies of id for both the applicant and
      guarantors
    • This product attracts an interest rate of 1% p.m on reducing balance.
    • The application fee is 0.75% of the amount
      applied for and minimum rate of Ksh.600
    •  

    Frequently asked Questions

    1. Check off - by employer
    2. Standing Order – from Members Bank account to Sacco Bank Account
    3. Mpesa – to the Sacco paybill number
    4. DigiPesa – from Members Mpesa Directly to members Sacco Account
    5. Direct deposit – to Sacco Bank Account through any Coop bank Branch or Coop kwa Jirani Agent
    6. Direct debit – Sacco Bank collects from Member’s banks accounts.
    7. Money transfers – RTGS, SWIFT, PoaPay, Wave, SimbaPay, JamboGlobal, UAEXchange, Western Union , MoneyGram
    🍪 This website uses cookies to improve your web experience.
    Home
    Portal
    Download
    Contact Us