Product Description

This is a loan granted mainly for the purpose of long-term development.


  • Qualifying loan is 3 times a member’s deposits subject to a maximum amount of Kshs. 12,000,000.
  • Full Sacco membership of at least 6 months.
  • Maximum loan period is 72 months.
  • Interest is charged on reducing balance at 1% per month for loan repayable within a period of 1 to 48 months or 1.1% per month for loan repayable over a period of 49 to 72 months.
  • Security options: Guarantors’ deposits, member’s own deposits, motor vehicle logbook, Kentours Housing land title deed, life assurance policy.
  • Evidence of ability to repay: Latest pay slip.
  • Approved within 7 working days