Salary Advance

Product Description

This is a loan meant to meet members’ most immediate needs.


  • Qualifying Loan is pegged on the members’ ability to repay and must be within the member’s free deposits, subject to a maximum amount of Kshs. 50,000.
  • Full Sacco membership of at least 3 months.
  • Maximum loan period is 2 months.
  • Interest is charged on reducing balance at 3% per month for loan repayable within a period of 1 month or 5% per month for loan repayable for 2 months.
  • Security options: member deposits and salary. No guarantors are required.
  • Approved within 3 working days.