Salary Loan

For salaried and contract workers, repaid monthly over your contract.

Maximum amount
50% of net salary × months left on contract
Loan period
Contract period
Interest rate
2.5% on a declining balance
Repayment
Monthly

For this loan

What you’ll need

  • Bank statement for the last three (3) months

Requirements for every loan

  • An active account with the SACCO
  • Shares of at least 5% of the amount applied for
  • Savings of 2% of the amount applied for
  • A completed loan application form
  • Two (2) guarantors
  • LC1 recommendation — area and residential
  • Collateral

Apply for this loan

Send your request and a loans officer will call you to take it forward.

The loan

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