Skip links

Instant Loan

Instant Loan

This product is meant to facilitate any member’s immediate short-term financial needs.

Apply Today

    Loan Details

    Features

    • Approval is immediate
    • Repayment period is up to 6 months.
    • This product attracts an interest rate of 5% p.m on reducing balance
    • Any member who has saved consistently for six months or any member
      with an active loan, qualifies for this if their outstanding loan is less than
      their savings.
    • an.

    Approval process takes up to 15 working days Repayment period is up to 48 months. This product attracts an interest rate of 1% p.m on reducing balance. Any member who has saved consistently for six months qualifies for a development loan.

    Requirements

    • A duly completed loan application form
    • The loan amount issued up to Ksh 20,000
      is payable within (3 months)
    • Any amount above Ksh. 60,000 up to a
      maximum loan amount of Ksh. 100,000 is
      payable within (6 months)
    • The Loan application fees is Kshs.500
    • Attach the applicant’s copy of ID card
    • This product attracts an interest rate of 5% p.m on reducing balance
    • Any member with an active loan can apply for
      instant loan if their outstanding loan is less
      than their savings

    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.