Long Term Loan Facilities.

A long term loan is the safest and easiest option to appropriately finance your business or personal objectives. We provide our customers with the promise of secured lending solutions when it comes to business loans.

Types of Long Term Loan Facilities

Capital Loan

This is a loan for long term investment for members.

Features:

  • The loan is 3 times multiplier subject to 1/3 rule as per government regulations.
  • Competitive interest rate.
  • Repayment period is 84 months.
  • Applicant to have a minimum share capital of Kshs. 40,000.
  • The loan is secured by guarantors/collateral.

Investment Loan

This is a loan for capital investment such as development of commercial plots, residential homes amongst others.

Features:

  • The loan is 3 times multiplier subject to 1/3 rule as per government regulations.
  • Competitive interest rate.
  • Repayment period is 72 months.
  • The loan is secured by guarantors/collateral.

Development Loan

This is a product designed to cater for capital development.

Features:

  • The loan is 3 times multiplier subject to 1/3 rule as per government regulations.
  • Competitive interest rate.
  • Repayment period is 72 months.
  • The loan is secured by guarantors/collateral.

Prime Loan

This is a loan to buy off loans from other financial institutions on behalf of members.

Features:

  • This is a check off loan for members in the TSC and civil service only.
  • The loan to be appraised using 1/3 basic salary rule.
  • The loan to be 5 times member deposits.
  • Maximum repayment period is 84 months.
  • Competitive interest rate.
  • Security will be guarantors.

Ollin Premium Loan

This is unsecured loan for government employees(TSC and civil servants).

Features:

  • This is a check off loan.
  • The loan requires 20% of loan to be rolled back to deposits.
  • Repayment period is 96 months.

Estate Loan

This loan is designed for landlords who aspire to expand their businesses. One has to open an estate account and channel the rental income through the account for a minimum of 2 months.

Features:

  • Loan qualified is subject to 75% of monthly rental income.
  • Competitive interest rate.
  • Repayment period is 72 months.
  • Valuation of the property has to be done.
  • Property is charged in favour of the SACCO as security of the loan.

Supa Loan

This loan is available to all salaried members in the private sector.

Features:

  • Members needs to save for at least 2 months.
  • The loan is 5 times multiplier.
  • Competitive interest rate.
  • Repayment period is 60 months.
  • The loan is secured by guarantors/collateral.

Fosa Loan

This is a loan open to all salaried members whose salary is channeled  through the SACCO.

Features:

  • This is an instant loan to a maximum of Kshs. 2,000,000.
  • Competitive interest rate.
  • Repayment period is 64 months.
  • The loan is secured by guarantors/collateral.