Account Balances and Loan Balances are available through email (k...
Asset Finance Loan
ASSET FINANCE LOAN.
This is a partnership between Kenya Bankers Sacco Society Ltd and National Bank of Kenya. The Bank will finance the project. The partnership is to enable members acquire one of the following;
Purchase of land which should be within the municipality.
Development of land which is in the member's name.
Purchase of motor vehicle.
REQUIREMENTS (Who qualifies)
One must have been a member of the Sacco for at least 6 months.
Qualifying members must have had deposits (shares) of at least kes.200,000.00.
LAND PURCHASE/ DEVELOPMENT
Terms & Conditions.
• A member...Read more
Bridging Loans (Top-Up Loans) This loan enables a member to pay off an outstanding main loan & apply for an enhanced loan equivalent to 3times his/her share to meet an urgent need. The request is evaluated & on approval the member is given a loan through the Front Office at a reasonable fee. The following rules MUST be observed to qualify for this category of loans: -
A request for the facility MUST first be submitted in writing and approval given before the loan application is forwarded.
A request received on or before 10th of the month will be responded to on or before 10th of the following month whether a de...Read more
A maximum of Kshs. 50,000/= is approved to qualifying members to cover hospitalization, funeral expenses for relatives, court fines and unexpected calamities.
Repayment period is 12 months
No documentary evidence is required
The loans are approved on a weekly basis. It has no cut off deadline for receiving the applications. Tariffs <click here>
Main (Development) Loans
Members qualify for normal (Development) loans after 6 months of continuous contribution. The loan is based on main savings scheme, subject to a maximum x3 total shares.
Repayment period is 4 years maximum.
Repayment ability (supported by applicant’s pay slip) determines the maximum amount of loan to the member, subject to 3 times total shares.
The loans are secured by guarantors’ shares. Other securities like charge over town properties are allowed.
This category of loans are approved on a monthly basis, hence all loan applications MUST be received on or before the 10th day of ...Read more
Only members who are 6 months and above in the society and have contributed Kshs. 30,000/= in the main scheme savings are eligible to join.
Minimum loan is Kshs. 10,000/= while maximum is Kshs. 200,000/= subject to the difference between x3 of total shares in the main savings scheme and the outstanding loans.
The repayment period is a maximum of 18 months.
Security is the main shares, micro-personal shares and guarantors.
Disbursements are made through EFT twice a month, i.e., every 15th and 30th/31st day of the month. All applications MUST be received on or before the 10th day o...Read more
The society has ultra modern conference facilities comprising 8 conference halls. The big hall can accommodate up to a maximum of 450 pax at once.